Williams %R is a momentum-based oscillator used in Forex trading to measure overbought and oversold conditions. Developed by Larry Williams, it compares the current closing price to the highest high over a specified period (usually 14 periods) and expresses it as a percentage. The Williams %R ranges from 0 to -100: • 0 to -20: Overbought conditions, suggesting a potential reversal or pullback. • -80 to -100: Oversold conditions, indicating a possible reversal to the upside. Traders use it to identify potential price turning points, especially in range-bound or consolidating markets. #firstdealofthenewyearFateema