The Secret to Williams R That NO ONE Has Told You About

Williams %R percent range indicator strategy for day trading and swing trading options, crypto, BTC, ethereum, stocks and stock market, futures, eminis and Forex on TradingView, MT4, MT5, thinkorswim, telegram, discord, webull, reddit, robinhood and other technical analysis charting platforms.

#daytrading #stockmarket #forextrading #technicalanalysis #cryptotrading #optionstrading #swingtrading #futurestrading

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RISK DISCLAIMER:
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HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

[danielfeyerabend]

Hello Sir,
I watched your video and did some testing. I agree with your description and use.
I saw something that looked very interesting. If price is above the -50%, the movement is generally a Buy. If below, then a Sell. I set the Length to 50. Then I adjusted the bands to -43% and -57%. I also increased the background color opacity to highlight that range. Anytime the line is within that range, price is not worth trading. A crossing from one side to the other is very accurate for the direction of the market. Above -47% is a Buy. Below -57% is a Sell.
This appears to work on multiple time frames and across Forex pairs, commodities like Gold and Oil, and Stocks.
I hope this is useful.

[TopDogTrading]

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[trevorm]

Barry, this is the video that caused me to buy your course recently and so far it has been fantastic. Finally, a trader who can teach.

[alanhaynes]

'Overbought and Oversold do not exist in forex' Nice to hear someone else actually say it. It's actually hilarious that anyone would believe it does. Can you imagine a person walking into a foreign exchange to swap their mexican holiday dollars for peso's, then saying..."oh no the market is overbought, so I will swap them for Ringits instead!

[northwestrider]

Same with the traditional RSI. Most people look at the 80/20 lines for “over bought, over sold” but really on an up trend or down trend you are just looking for the indicator to be above/below 50. Above 50 on an up trend is showing strong move up. Below 50 on down showing strong down. Because what was 90 yesterday can be 70 today as the move continues.

[keyaar]

I have been telling this to my friends... what ever is sold is bought by someone, so that there is no free ones available.... They used to talk about over bought/ sold looking at te RSI. But RSI is the momentum indicator...

[robertlevens]

W%R and Stochastics are same indicator with different scale value. Stochastic runs 100 at top to 0 at bottom. If you subtract 50, scale will be centered at 0, which can be useful. Thanks Barry for the reminder to buy when it goes high, sell when it goes low.

[basschot]

When I first came into contact with trading and learned about it, al lot of tutors told me only to trade the bare price action chart (so without any indicators).
One of the reasons being that indicators are always lagging behind. But so is price action.
But then I learned that even price action traders also use a minimum of indicators like EMA's, SMA's, VWAP, RSI, Stochastics, MACD etc, ,
And support and resistance levels are also basicly indicators...So then I started to doubt...
I used the MACD (in the proper way like you taught in one of your other videos) and it works great.
Many indicators also reflect perfectly trends, pullbacks, rejections, market structure etc..etc..In other words...they reflect PRICE ACTION.
It just makes it easier in my opinion. Nothing wrong with that.
I think using good and proven indicators is even better then say try to recognize patterns with the naked eye on a bare price chart.
People love to see patterns where there aren't any. It makes it even more subjective.
Anyway thanks again for your high quality content!!

[kevinwixson]

Thanks for the very helpful and instructional video. I've been at this for almost 3 years and I can't tell you how many times I've lost a trade by buying at "oversold, " or how many times I've sat on the sidelines and watched a stock on a strong run, simply because bad training convinced me to stay out of "overbought" conditions. Definitely got yourself a new subscriber!

[maxwell]

Today I have officially deleted "oversold and overbought" from my dictionary of trading and analysis. Thank you sir.

[solsken]

For bounded indicators like RSI and W% I use the terms "Heavy Buying" and "Heavy Selling" instead of Overbought and Oversold since that is the most appropriate takeaway you get from them

[christianjungen]

Did you know that Williams R is exactly the same as a non smoothed stochastic indicator, just shifted to -100. Set your stochastic to 14, 1, 1 and you will see

Thanks for the great video! One question remains on my side: What’s the buy signal, what is the sell signal. If this is the indicator simply passing -20 upwards for buy, at around 5:30 in the left part of the screen, probably around Nov 22 there would be a false buy signal. Second question, when to sell? Both in the case I just mentioned - apart from a regular stop loss - as well in the example of the bearish area you framed for shorting I couldn’t identify a sell signal which would be corresponding to the box you drew. Am I missing something here?

[subramaniankumar]

I have been observing this indicator and today I got the right explanation. Thank you very much.

[User-kpr]

The minute he said there is no such thing as overbought or oversold, I knew he is smart

[andyarnottmelsmith]

Can I ask? When the indicator reaches the, for example the non oversold area you wait until it goes to the opposite area? If not, how do you establish which time it is going to go the opposite way? Because there are times where it does follow suit. Or do you just trade opposite every time it gets to one of the areas?

** I just added the macd with a suggested input change of 8, 21, 5 and when the williams indicator reaches the so called overbought area, as long as the macd shows green line over red, which is a lot of the time you are spot on and oversold and the macd shows red line over green. They work perfect together. Woukd live to know what you think.

[Deciphertrading]

The indicator just tells if the price is in the higher part or lower part of the set length (14 candles standard), it basically makes a box of the last 14 candles and tells the price is close to the highest or lowest points in this period. Basically if it trades on the higher side it will be bullish, if it trades on the lower side bearish.

[saveriofrancesca]

Williams %R is an oscillator. An oscillator will best serve you in a ranging sideways market and not a trending market

[stever]

Hello Dr. Burns
Long time member and subscriber. I would be interested in knowing if the Williams R is capable to trade on futures and any time frame or strictly for daily charts and stocks?

[QuietMoney]

Wow just tried this on synthetics working like a bomb so far thank you