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Percent R Rules & Scans
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Refresher %R is similar to Stochastics in measuring overbought & oversold levels
The traditional scale is from 0 down to –100 (I prefer from +100 down to 0) While most use a 10 or 14 bar setting, I use a 30-bar setting
It is smoother but still responsive
To find the Strongest Trends (Up or Down) Avoid the noise within a trading range
Focus on top (or bottom) 20 percentiles Avoiding the middle 60 percentiles (20 to 80)
Look for “overbought” reading above 80 (above 80.50 to round to 81)
Followed by a close above that bar’s high, within the next 5 bars after Setup
This is the Initial Breakout point. The bar when we get the initial overbought reading is what I call the Setup Bar.
Williams %R: S&P “Spyder” (SPY) Bull/Bear Confirmed
Bull Retest BULL RETEST: Once trend is Bull Confirmed Look for a move below the “overbought” reading under 90 (less than 79.50, round to 79 or less) Use this bar’s Low as the new Closing Stop
This is the best Low-Risk Entry Point to get a Full Position for a bull trade. If you’re not already in, or If you’re only in a Half Position
Williams %R: S&P “Spyder” (SPY) with Bull/Bear Retests
BEAR CONFIRMATION: Look for “over-sold” reading below 20 area (under 19.50) Followed by a close below that bar’s low, within the next 5 bars after Setup
This is the Initial Breakdown point. The bar when we get the initial oversold reading is what I call Setup Bar.
Williams %R: Johnson & Johnson (JNJ) Bull/Bear Confirmed
Bear Retest BEAR RETEST: Once trend is Bear Confirmed Look for a move above the “oversold” reading over 20 (at 20.50 or higher, to round to 21+) Use this bar’s High as the new Closing Stop
This is the best Low-Risk Entry Point to get a Full Position for a bear trade. If you’re not already in, or If you’re only in a Half Position
Williams %R: Procter & Gamble (PG ) with Bear Retests
Williams %R: Breakout Scan 3/31/09 Close – Bull Candidates
Williams %R: Breakout Scan 3/31/09 Close – Bear Candidates
Williams %R: Retest Scan 3/31/09 Close – Bull Candidates
Williams %R: Retest Scan 3/31/09 Close – Bear Candidates
Williams %R: Sturm Ruger (RGR) with Bull Retests
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