XOM Williams %R Explained: Measure Distance from the High
Summary
Hollow Point Trading shares a short lesson on interpreting Williams %R with a historical Exxon Mobil (XOM) example based on fourteen completed five-minute bars. It explains why a negative reading is not a negative stock return and shows how the indicator measures a close's distance from the window high.
https://youtu.be/7Fr-J3uTxh4
XOM Williams percent R: measure distance from the window high #Shorts
A negative Williams percent R reading is not a negative stock return. This historical Exxon Mobil IEX example uses fourteen completed five minute bars from October eighth, twenty twenty six. The window high is one sixty nine point zero three five. The low is one sixty seven point two five. The highlighted close is one sixty seven point eight two...
