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Williams' %R - Technical Analysis from A to Z
Williams' %R is a momentum indicator that measures overbought/oversold levels. Williams' %R was developed by Larry Williams.
As with all overbought/oversold indicators, it is best to wait for the security's price to change direction before
placing your trades. For example, if an overbought/oversold indicator (such as the Stochastic Oscillator or Williams' %R)
is showing an overbought condition, it is wise to wait for the security's price to turn down before selling the security.