Meaning of Williams %R
Williams % R is a momentum technical Indicators. That moves between -0 to -100 it is used in financial market, particularly in stock and
Commodity trading. It was developed by Larry Williams. The Williams %R is designed to help traders identify overbought and oversold conditions
In the market .It compares a stock closing price to the High- low range over as specific period over the last 14 periods.
The Williams %R is the most often utilized technical stock market indicator worldwide.
A statistical indicator that shows If a stock is overbought or oversold to traders and investor.
Therefore, the indicator enables stock market players to decide More precisely and intelligently whether to buy or sell a specific stock
The formula for the Williams % R is following
Williams %R= (Highest high price-closing price)/ (Highest high price-lowest
Where,
Highest high =Highest price in the last 14 days period
Close price =most recent closing price
Lowest low=Lowest price in the last 14 days period
The Williams % R is calculated based on price over the last 14 period
- Record the high price and low price for the each period over the 14 period
- Note the current price the maximum
- price and the lowest price during the 14 period all of the Williams %R formula's variables can now be entered
- Note the price at the moment the maximum price and the lowest price but only for the last period
- Calculate the new Williams %R as each period comes to a close using only the previous 14 period of data
The Roles of Smart Karobaar App in William %R
i. Momentum Oscillator: The App is assists traders in recognizing overbought and oversold situations. William %R is a momentum oscillator, which means it measure the speed and change of price movements rather than the actual price level.
ii.Normalized Indicator: Williams %R is a normalized indicator which means it always falls between a set range of -100 and -0 comparing various assets and timeframes is made simpler with the help of this range.
iii.Overbought and Oversold Level: In general level below -80 is regarded as oversold as oversold while levels above -20 are regarded as overbought. Traders can use these levels to locate potential reversal points.
iv.Reversal Signals: The App Traders can use the indicator to identify probable trend reversals. The Williams %R may signal a bearish reversal (possible change from an upward to a negative trend) when it crosses above -20 from below. On the other hand, if it does so from above and crosses below -80, it might signify a bullish reversal (perhaps switching from a downward to an upward trend).
v. Short Term Indicator: Williams %R is primarily utilized for short to medium term analysis most effective when applied to daily or weekly price chart. But it can be used on various timeframes.
iv.Risk management: Traders can create stop-loss levels with the use of the Williams %R. To reduce risk, they might, for instance, put a stop-loss order just above -20 for a sell order and just above -80 for a purchase order.
The Smart Karobaar App with the integration of the Williams %R Provide Investor with thorough/Comprehensive solutions for informed Decision making Momentum Oscillator Normalized Indicator, overbought and oversold, Reversal Signals, Short term indicator & Risk management making it an Invaluable Tool in the NEPSE Stock market.
You can Scan Williams %R in Smart Karobaar App with following steps
Step-1: At first you have to download smart karobaar App
Step-2: Than you have to open smart karobaar App
Step-3: Then you have to tap on Technical scanner
Step-4: Than click on Momentum option
Step-5: At last tap on Williams %R option to scan
Using the smart karobaar app to analyze William %R on NEPSE Stock.
Smart Karobaar App has become a useful resource for Nepalese Investor looking for in depth- knowledge of NEPSE Securities real time data chart tools and Technical Indicators such as the Williams %R provided.
Stock Selections: Using the smart karobaar App, Investor may look up and choose shares that they went to research based on the Williams %R indicators.
Customizable timeframe: Users of the app can choose the Williams %R calculation's timeframes, which range from lengthy historical data to short-term intraday periods.
Visual Representation: The Smart karobaar App provides the Williams %R date in straightforward graphics so users can determine trends and prospective trading opportunities right away.
You can download the app from following link :
