Indexes and the Willliams %R

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Even though I’ve given SlopeCharts a nice suite of technical indicators, I hardly ever use them. I often mention that I don’t really use indicators much, almost to the point of being strident about it.

I must say, however, that having gone through the cash indexes with the %R indicator today, I’m pretty impressed, and it just adds to the body of evidence that I think it’s bounce time (I sure hope so!) Keep in mind that you can move the horizontal line dividing the price from the technical indicator pane, allowing you to make the indicator taller, as I have done below. So here we are:

slopechart SPX

slopechart XOI

slopechart COMP