madmacs - williams %r, page-4

re: re:sabre mettle williams %r Hiya,

My graph shows its closer to -50, maybe its using different values.

Anyway with %R

Trending Markets
It is advisable to use a longer Williams %R period or some other form of smoothing to reduce volatility and false signals.

Signals should only be taken when there is clear evidence that the trend has reversed. One method of doing so is to wait until %R crosses the -50 level:

Go long when %R falls below the Oversold level then rises above -50.
Go short when %R rises above the Overbought level then falls below -50.