Using Williams %R indicator in generating buy or sell signals.
Buy signal is generated when the indicator crosses above oversold threshold line (-80). Sell signal is generated when the indicator crosses below overbought threshold line (-20).
Combination with MACD histogram divergence is supportive for mentioned method in determining the trend reversal.
Currently sell signal for SLW has been spotted. The target could be $31 (200-day MA).
BR, CapitalHubs.com
Comments
StopPrintinMoney
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Agreed.
timwest
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Disagreed.
timwest
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I see too many signals that you didn't label and the actual entry points are much lower (for sells) and higher (for buys) than when you graph them. This isn't accurate, in my opinion. I therefore "disagree" with your chart.
CapitalHubs
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I respect your opinion, however you should have noted how I refine most of the false signals. There is MACD divergence, which combined with %R under -20 (for sell signals) gives the signal. I've described that in underchart notes.