Using Williams Percent Range Slowdowns to Flag Possible Reversals

Summary

The indicator described here uses Williams Percent Range (WPR) to mark areas where price appears to stall while the fast WPR is in an overbought or oversold region. Its premise is that a potential price reversal may be preceded by a slowdown and turn in the indicator’s rate of change. When slowdown detection is enabled, the tool marks candidate areas with chart arrows; when disabled, it instead flags crossings of user-set upper and lower WPR levels.

The indicator also offers configurable alerts, including sound, email, and mobile notifications, along with settings for the WPR period and signal levels. This is a description of an indicator’s logic and features, not evidence of predictive value. The page provides no performance study, entry or exit rules, or risk-management method, so users would need to test whether the signals are useful across instruments and conditions.

Key ideas

• The indicator looks for WPR slowdowns in overbought or oversold regions as possible reversal precursors.
• It can mark candidate areas with chart arrows or display threshold exceedances instead.
• Alert options include sound, email, and mobile notifications.
• The document provides no performance evidence or complete trading rules for the signals.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.