Using Williams %R Levels to Flag Potential Reversals

Summary

The document outlines a simple reversal approach using Williams %R. It treats a reading of -20 as overbought and suggests watching for a possible downward reversal and sell entry. It treats -70 as oversold and suggests a possible upward reversal and buy entry.

These levels are presented as potential reversal zones, not confirmed turning points. The document offers no chart examples, test results, market or timeframe guidance, exit rules, or risk controls. It also provides no analysis of how often the indicated reversals occur. Readers should therefore understand the levels as a basic interpretation of the oscillator rather than a validated standalone strategy.

Key ideas

• The approach interprets Williams %R at -20 as an overbought condition.
• It associates the -20 level with a possible downward reversal and sell entry.
• It interprets -70 as oversold and a possible upward reversal and buy entry.
• The document provides no testing, confirmation rules, or risk-management method.

Tags

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