Williams Percent Range is an oscillator type indicator (moving back and forth), which serves to provide a signal that the market has been saturated.
Scales used in this indicator are from - 100-0, which is overbought if Williams is worth the range of -20% to 0. And oversold conditions when it is said to be worth williams% range -100 to - 80.
In practice, the use of indicators williams% range are not used stand alone but together with other indicators that could signal the entry point. However, we can also use the williams% range stand-alone basis if we use a convergent strategy.
Rules are:
BUY when there is a simple closer, while williams% range indicates the rise and oversold conditions. SELL when there semain close up, while he's more humble and williams occurred in the overbought area.
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