HOW TO GAUGE STRONG MOMENTUM
When the W%R stays ABOVE -20 or BELOW -80 it signifies a very steady and strong move.
Now I must admit this doesn't happen very often.Usually the W%R will drift around those numbers.But when you spot this action keep your hands in your pockets.
Look back periods for the W%R very depending on security historical performance and time frames.
Most used are 50, 100,200,300. 100 is most common.
Now I must admit this doesn't happen very often.Usually the W%R will drift around those numbers.But when you spot this action keep your hands in your pockets.
Look back periods for the W%R very depending on security historical performance and time frames.
Most used are 50, 100,200,300. 100 is most common.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.