Market technical indicator Williams Percent Range or shortly Williams %R or even shorter %R determine market overbought and oversold phases. The author of this indicator is Larry Williams who is definitely one of the traders I respect (and the list of this traders is really short). This indicator is created basing on another indicator – Stochastic Oscillator. The difference between them is that Williams Percent Range is inverse and Stochastic Oscillator is computed basing on smoothing. (more…)

This article is about Larry Williams who wrote a book I have read and became interested in financial markets. Someone knows him someone not. Someone likes his trading style someone not. This article will tell you about a person who made a lot of money trading futures. His trading was based on Commitments of Traders reports and I suppose the most Larry Williams’ well known achievement in trading was in 1987 when he made $1.1 million from $10000 during a year. Therefore I recommend you to read about this person. (more…)