Telemet Orion users may easily add a Williams %R oscillator to Charts through the Lower Indicators menu within
Options. Simply select Williams %R from the drop down menu.
This price velocity oscillator developed by Larry
Williams depicts the exact negative inverse of the stochastic oscillator. The
current period closing price is compared to the recent trading range to
indicate overbought and oversold conditions. Large (small) negative values
indicate oversold (overbought) conditions.
Interpretation: Buy (sell) when indicator curve
extends below (above) a threshold level (usually -80 for buys and -20 for
sells). Look for divergence between
price and %R to signal trend reversals.
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