Is a momentum indicator that measures overbought and oversold levels, comparable to a stochastic oscillator. The Williams %R is used to establish entry and exit points in the market. It compares the close of a coin to the high-low range over a period of time, typically 14 days.
The Williams %R is a popular indicator because of its ability to signal a market reversal at least one to two periods in the future. Traders use it to not only anticipate market reversals, but also to determine overbought and oversold market conditions.
Williams oscillates from 0 to -100 (0 to -20 indicates overbought and -80 to -100 indicates oversold conditions).