Guide to Trading with the Williams %R Indicator on IQ Option

Overview of the Williams %R indicator

Williams %R which is also known as Williams Percentage Range is a momentum indicator which oscillates between 0 and -100. It’s used to show when an underlying instrument is overbought or oversold. An asset is said to be overbought when the indicator crosses over the -20 line while it’s oversold when it crosses under the -80 line.

Williams %R which is also known as Williams Percentage Range is a momentum indicator which oscillates between 0 and -100.

In this guide, I’ll show you how to set up the Williams %R indicator on IQ Option. Next, I’ll show you how to use it to trade.

Setting up the Williams %R indicator on IQ Option

After logging into your IQ Option account, set up your chart. Here, I’m using the EUR/USD Japanese candles chart. Click on the indicators feature and select momentum indicators. Next select the Williams percent range.

Next, set the period to 14. The upper line should be adjusted to -80 while the lower line should be -20. To save all these settings, just click on apply.

***The William’s %R indicator should appear at the bottom of your chart. The range between the -20 and -80 is purple while the indicator is a blue line.***

Trading with Williams %R on IQ Option

Your objective should be identifying when the indicator crosses the overbought and oversold lines

***Williams% R indicator crosses under the -20***

When the indicator crosses under the -20 line it’s a signal that the bears are taking over and a downtrend is imminent. Open a sell trade. Using the 5-minute candles, you can open a trade that lasts 30 minutes on IQ Option.