Williams Percentage Range Strategy The trading rules for the Williams Percent Range strategy will be outlined in this section. When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. The profit potential is endless. Strategy #2: Day trading Momentum Burst with Williams %R Indicator As an alternative of using the Williams percent r to identify overbought and oversold market readings, we have developed a way to catch those moments of momentum bursts that you can see on your charts every single day. Momentum trading can offer you instant gratification and the Williams %R trading strategy can help you satisfy those financial urges. Let’s get into how momentum trading works using the Williams %R indicator. Step #1: Add Williams %R Indicator to chart Note: Make sure you use a 10 periods for the Williams percent range oscillator. Step #2: Draw a line at the -50 level on the Williams percent R indicator The momentum strategy is developed around the -50 level. For visual representation and to better and faster identify the potential trade signals we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum. We have also changed the oversold and overbought readings to -90 respectively -10. Let’s now define what we need to see before pulling the trigger on a trade. Step #3: Buy once the Oscillator moves from oversold reading and crosses the -50 level There are two conditions that need to be satisfied before confidently buying. First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level. Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case we’re looking to buy right away once the momentum oscillator breaks above the -50 level. Step #4 & #5: Find your own SL & TP
This is an excellent indicator if used correctly - we know it well. @dRends35
Tradingstrategyguides
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@london55555, Please share with us how you use it correctly. Thanks
NewYork888
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@Tradingstrategyguides, I don't think you need us - you seem to be doing just fine with this indicator but just in case you can always touch base with Larry im sure he'll help you with any questions. Good luck.
Try to be careful with these. Not that it's a bad view, nice find.
What I'm sharing is simply these have happened to me trading full time the last couple years. Sometimes a divergence is simply the book being taken as far as it possibly can before resuming the prior or current trend.
Tradingstrategyguides
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@j_nathan, Thank you for your insight and experience.
TylerDurden08
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@Tradingstrategyguides Do the oversold conditions apply to pre market as well? Or does light volume come into play.