Indicator Williams (Williams% R)
Now I will tell you more about one indicator automatic forex trading. It applies it to oscillators and is called Williams Percent Range.
It provides a very good and high-quality signals at different time intervals.
Williams% R on live chart It looks like this:
As you can see, the curve of the indicator line moves on a scale of up to 0 -100.
I define overbought zone from 0 to -20. When the indicator rises above -20, then turns around and punches the border from top to bottom, this is a signal for me to buy PUT option.
oversold zone is below -80 mark. If the indicator falls below -80, then turns around and punches the border from the bottom up, it is a signal for me to buy CALL option.
Even more clear signals can be obtained using the Williams% R with trend indicators.