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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