Williams % R
Williams % R: A Momentum Oscillator that ranges between 0 and -100, being defined as overbought and oversold levels, respectively. The number of periods used can be varied to suit the asset being analysed, so assets with different volatilities might need adjustments to that number of periods.
It compares the closing price of the asset to the high-low range over the period being used for the indicator. The longer the lookback period the lower the number of false signals that are generated. Later in this article is a user guide.
We’ve listed the best brokers with trading platforms that have the Williams % R Momentum Oscillator. These are normally found on the firms’ MT5 platform under Insert → Indicators → Williams’ Percent Range.
Best Brokers With The Williams' Percent Range Indicator
This is why we think these brokers are the best in this category in 2026:
- Plexytrade - In our tests, PlexyTrade’s MT5 offered competitive spreads from 0.6 pips on major pairs with no commissions. Execution speed was steady but not ultra-fast, suitable for mid-term traders. The MT5 asset range covers forex and popular CFDs, though advanced platform features were more limited than some other firms in our rankings.
- FOREX.com - In our hands-on testing, FOREX.com’s MT5 delivered reliable execution with typical spreads around 0.8 pips on EUR/USD and competitive commissions on their RAW accounts ($5 per side). MT5 asset range covers forex, indices, commodities, and cryptocurrencies with solid platform stability.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Plexytrade | 95 | ||||
| FOREX.com | 2512 |
Plexytrade
"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."
Christian Harris, Reviewer
Plexytrade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Platforms | MT4, MT5, TradeLocker |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 |
| Account Currencies | USD, EUR |
Pros
- Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
- Sub 50ms execution speeds are fast enough for intraday trading setups.
- There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
Cons
- Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
- Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
- There are no research and educational materials, falling short of alternatives like IG, while access to the economic calendar is restricted to clients with balances of $500.
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
FOREX.com Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds |
| Regulator | NFA, CFTC |
| Platforms | WebTrader, Mobile, MT4, MT5, TradingView |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- The group being FOREX.com, GAIN Capital Group LLC, had to pay a $700k fine to NFA for improperly handling some client accounts.
History Of Williams % R
Developed by newsletter writer Larry Williams, it is calculated and used in ways very similar to that of the Fast Stochastic Indicator (the exception being in the scale, with the latter having a scale of 0-100).
With the Williams % R, -20 is in the overbought range and -80 is in the oversold area.
Best used in ranging markets, traders might go long when the Williams %R falls below the oversold level of -80 and then rises above it or look for bullish divergences [as with the RSI] between price and the Williams % R or go short on a move above -20 which is followed by a fall below that level or on bearish divergences between price and indicator.
How To Trade With Williams % R
As with all oscillators this technical indicator does not work well in strong trends in either direction; for this reason Stop Losses should always be set to protect the trader from losses arising from this reality.
Also, as the range (e.g. 14 days) remains the same but the price action that those 14 days contains constantly change, (as the price action from 15 days ago drops out of the calculation) there is a risk that the indicator may change much more than the underlying price of the asset itself, particularly if price action in the recent past has been volatile.
Some also suggest that one should wait for a move above -50 (for a buy signal’s confirmation), which would reduce the false signals but also the number of potentially profitable trading signals generated, as the price could have moved significantly by the time that the buy signal has been confirmed.
As with most indicators, this system generates the most reliable signals when used in conjunction with others.
It is important to confirm buy and sell signals with other indicators that measure a different facet of the market being analysed, such as MACD, DMI, Bollinger Bands etc. rather than one that uses a similar framework for analysis (e.g. stochastics).
You can see what the Williams’ Percent Range indicator looks on a chart below. I added it to a EUR/USD chart in the MT5 software.
