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Tickblaze platform access required. This product works exclusively with Tickblaze and requires the platform to be installed. Platform access is purchased separately.
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Please note: When you purchase and install any individual algo, all available free algos will also be automatically installed for your convenience.
Pinpoint the extremes. Trade the snap-back.
The Williams %R Overbought/Oversold Algo is an automated trading solution for Tickblaze that generates trade signals when Williams %R reaches extreme levels. Williams %R is a fast-moving momentum oscillator that measures the current close relative to the highest high over a defined lookback period. When %R rises above the overbought threshold (near the top of its range), the algo signals a potential short. When it drops below oversold (near the bottom), it signals a potential long. The indicator’s speed makes it especially useful for catching turning points quickly.