Williams %R: The Early Warning System
The Core Idea: Very similar to Stochastic but inverted. It’s a fast-paced momentum indicator that measures overbought and oversold levels.
Mastering the Signal: Look for readings between 0 to -20 (Overbought) and -80 to -100 (Oversold).
Survivor’s Edge: It is famous for its ability to anticipate price reversals before they actually happen. If it fails to reach the top during a rally, weakness is confirmed.
Link: Williams %R Standard