Williams %R is an indicator which determines whether the market is on overbought/oversold conditions. Williams %R is very similar to the Stochastic Oscillator. The difference is that Williams %R has an upside down scale.

Williams %R Indicator's values bouncing between (-80%) and (-100%) is an indication that the market is in oversold positions. Indicator values bouncing between (0%) and (-20%) is an indication that the market is in overbought condition.

Willaim %R VTL Robot script is a client-side VTL auto trader that will place Buy and Sell positions according to trader's conditions. When attaching the VTL script to a chart, it will check the value of the Williams %R indicator each tick. If the result of the indicator's value is equal to (-100%), it will place a new Buy market order, and if the result is equal to (0%) the script will place a new Sell market order. After taking a new order, the script will stop taking any more orders till the X seconds passed (which was provided by the client when attaching the script to the chart).

Check out our User Guide to know how to use the VertexFX Williams %R Robot Click Here

To request a demo serial for VertexFX Williams %R Robot, please contact us sales@o-sense.com

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