Williams conditional range, WCR-an indicator of technical analysis of the speed of price movement, used to determine the oversold/overbought state of the market based on the study of the position of the closing price in a given range formed by extremes in previous periods, and indicating the probability of a trend change. The value of the oscillator allows you to estimate whether buyers or sellers had a stronger influence on the price over a given period of time and to assume further developments. The indicator is characterized by the simplicity of interpretation and timeliness of the signals provided. The entry points that the indicator gives show a good risk-profit ratio in an active market when working on a trend or within a price range formed during flat periods.
     Customization:
The only parameter, W-line Period, is set to “10” by default, and in most cases this value is effective. However, in certain market phases on some timeframes, other settings may perform better.
     Signals:
* overbought / oversold – when the WCR indicator value is above “150” or below “-150”, respectively;
* crossing the zero level line-indicates a shift in momentum and a change in trend, if above” 0 “is a bullish trend, if below” 0 ” is a bearish trend;
* divergence / convergence — when the indicator line forms extremes in the direction opposite to the price movement;
The WCR indicator can be used as a filter. You can not buy when the market is overbought and the indicator line is above the positive limit of the range equal to “200”. You can not sell when the market is oversold and the indicator line is below the negative limit of the range equal to “-200”.

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