The indicator gives 3 signals to open a down trade.
– Exit the overbought zone. The oscillator line starts to decline above level -20, crosses it from top to bottom and continues to go down.
– Bearish divergence. The chart moves up, that is, it indicates the growth of the price, and the indicator is directed down and is in the overbought zone.
– Strong downward trend. As with an uptrend, in this case Williams %R needs to be supplemented with a trend indicator to confirm the signal.