Nasdaq100 D1 WilR 2018-03-13
Wil%R indicator was developed by Mr. Larry Williams. Wil%R is a momentum indicator and looks for highest high in a certain time back. The Wil%R scales from 0 to -100 where 0 to -20 are considered as an overbought signal and scale from -80 to -100 are consideres as an oversold signal.
Many investors use the Wil%R value -50 as an important area. When -50 is crossed from below and up, it is considered to a bullish signal and when -50 is crossed from above, it is considered as bearish signal.
Please note, that many times, the line is crossed and the next candle will cross back again, so always have two periode crossing before taking any action.