Bybit Copy Trading Gold&FX offers effortless diversification into gold and FX markets, passive income opportunities, and a transparent profit-sharing model.

 has emerged as a great way to become quickly profitable, even in markets one may not be intimately familiar with, by replicating the orders and strategies of experienced Master Traders. And for experienced and successful Master Traders, it has created unique opportunities to efficiently earn additional profits.

Recognizing the growing popularity of copy trading, Bybit has introduced a new product, Copy Trading Gold&FX, which allows traders to seamlessly follow the market moves of experienced Master Traders and leverage their expertise to earn profit in 

 (FX) markets. Skilled gold and FX trading pros can now share their moves in real time and earn income based on profits they generate for their Followers.

Beyond the usual benefits of copy trading, Bybit’s Copy Trading Gold&FX allows traders to diversify their investments into the established, high-liquidity gold and FX markets. For many crypto traders, such diversification is key to hedging against the high volatility and risks associated with the 

 is Bybit’s latest innovative copy trading product targeted at the high-liquidity lucrative markets of gold and FX. 

Thanks to Copy Trading Gold&FX, Master Traders can monetize their trading expertise by helping their Followers turn a profit, while Followers without prior trading experience can effortlessly derive passive income through replicating professional strategies. The product focuses on gold, FX pairs and market indices.

 (MT5) platform. Bybit’s MT5 provides traders with access to various markets and products, including FX pairs, metals and other commodities.

Bybit Copy Trading Gold&FX operates differently from 

 For example, Copy Trading Gold&FX allows trading in gold, FX products and market indices. In contrast, Copy Trading Classic is designed for futures trading. Another highly important distinction is in the way profits are shared.

While both Bybit Copy Trading Classic and Copy Trading Gold&FX allow Master Traders to earn a portion of the net profits generated by their Followers, Copy Trading Classic calculates the net P&L daily, with the profit-sharing ratio based on the Master Trader’s rank. On the other hand, Copy Trading Gold & FX utilizes a High Water Mark (HWM) mechanism for profit sharing where Followers' profits are shared with Master Traders only when the net profit, which includes both realized and unrealized PnL, surpasses its previous peak. This is designed to ensure that Master Traders are rewarded for consistent profitability. A percentage of up to 15% can be shared.

Trading fees on the Copy Trading Gold&FX account vary by type of asset traded and are charged per lot. FX and gold are charged $6 per lot, and market indices are $3 per lot.

Trading volume within your Copy Trading Gold&FX account counts toward qualification for 

. This is a set of VIP grades for Bybit accounts that provide additional benefits and fee discounts commensurate with the VIP level achieved. However, note that volumes from Copy Trading Gold&FX are subject to a 10x multiplier for VIP level qualification to ensure that volume calculations for FX/Gold and the standard futures products are equalized, despite the typically large differences in trading lot sizes.

Unlike the standard copy trading account, which is based on daily profit sharing, profits from Copy Trading Gold&FX are shared once per week. The MT5 platform automatically calculates weekly distributions, and seamlessly shares the profits from Followers to their Master Traders using the HWM principle mentioned above.

For Master Traders,a copy trading account offers the valuable opportunity to monetize their trading expertise. Meanwhile it provides Followers a passive way to earn, with profits shared only if their Master Trader consistently achieves and beats their best results.

Bybit Copy Trading Gold&FX allows traders to diversify into the highly liquid, stable and well-established markets of gold and FX. Such diversification away from relying on crypto can be a great hedge against the volatility of the crypto market, or any potential prolonged bear markets in it. Thanks to the copy trading mode, even traders new to these lucrative markets can reap the benefits of diversification by copying the moves of FX and metal commodity pros.

Followers can learn from the trades and strategies of top performers in the FX and gold markets. Besides easy profitability, this provides an outstanding experience for learning and skill development.

Bybit’s MT5 platform provides a user-friendly interface, with functions and tools for traders at all levels to derive the best from their copy trading experience. An MT5 Copy Trading Gold&FX account ensures that the entire trading experience is as seamless as possible by providing advanced options, such as automatic trades and over 

90 indicators for thorough market analysis.

The HWM profit-sharing model ensures that Master Traders are motivated to maximize their Followers’ profits by consistently achieving profitability and surpassing their previous bests. Additionally, all trading moves of Master Traders are transparently visible, which helps to foster trust in the platform. Potential Followers can also view the leaderboard of the most profitable Master Traders, and choose their preferred trading 

There are, of course, risks associated with a Copy Trading Gold&FX account. First, there’s the risk of reliance on third parties outside of Bybit’s control, as Copy Trading Gold&FX is linked to the international forex and commodities markets. Secondly, masters’ past performances are not an ironclad guarantee of their future profitability. 

Additionally, Followers and Master Traders might initiate the same order based on different entry prices, due to factors like network delays or sharp, quick fluctuations in the asset’s price at the time of order execution. These price discrepancies may result in distinct outcomes. Finally, despite its unique benefits, the HWM profit-sharing model could motivate some Master Traders to adopt increasingly risky strategies in order to maintain their profit cuts.

Bybit Copy Trading Gold&FX is an excellent option for traders looking to become profitable from gold and FX markets. It also provides numerous other benefits, such as diversification away from crypto, a great learning experience and the transparent nature of this trading mode. The innovative HWM profit-sharing mechanism ensures that Master Traders give their best to maximize their Followers’ profits. 

With all of these advantages for Master Traders and Followers, Copy Trading Gold&FX is 

 for traders at any levels of experience.

Intermediate

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Benefits of Bybit Copy Trading Gold&FX: Unlock Your Profits With Ease

An MT5 demo account is a risk-free trading environment that simulates live market trading on MetaTrader 5. Read our article to get started with Bybit Gold&FX.

Want to master trading cryptocurrencies, forex and CFDs (metal, oil and indices) without risking your own capital? Bybit's 

 demo trading platform provides a simulated environment in which users can practice trading strategies, test automated systems and gain hands-on experience with professional trading tools.

In this guide, we'll explain what an MT5 demo account is, how it works and its key benefits, and provide step-by-step instructions for setting up your own demo account. We'll also help you decide if creating a demo account is right for your trading journey.

An MT5 demo account is a risk-free trading environment that simulates live market trading with MetaTrader 5. It lets traders use virtual funds to practice trading crypto, forex and CFDs while accessing all platform features and tools.

The Bybit MT5 demo account works by creating a 

 to give traders hands-on experience without financial risk. Operating on its own dedicated server (Bybit-Demo), the platform delivers real-time market data with intentional price variations to maintain a clear distinction from live markets while preserving realistic trading conditions.

Traders access the environment through Bybit's Testnet platform, where they can experiment with virtual funds and test trading strategies risk-free. Every aspect of the trading experience mirrors the live platform — from order execution mechanics to position management tools — ensuring traders develop practical skills that transfer directly to live market trading.

The MT5 demo account comes with the same professional tool kit found on standard MT5 accounts:

The platform maintains leverage settings and margin requirements identical to those in live trading accounts. These authentic market conditions allow traders to experience true market dynamics, build proper 

 habits and perfect their position-sizing strategies before trading with real capital.

Here's what makes the MT5 demo account an essential tool for traders.

Live market trading involves real capital and significant financial risk, often creating intense pressure that can impair learning and decision-making. The MT5 demo account eliminates this stress by providing a zero-risk environment in which traders can open positions, test aggressive strategies and learn from mistakes without monetary losses.

The MetaTrader 5 platform offers sophisticated trading tools that require time and practice to master effectively. By using the demo account, traders can thoroughly explore these features without pressure or time constraints.

Traders can spend time learning different chart types, testing various technical indicators and mastering complex order executions. This hands-on experience with the platform's tools builds the confidence and competency needed for successful live trading.

Successful trading requires well-tested strategies that perform consistently across different market conditions. The demo account serves as a laboratory where traders can methodically test their trading ideas, refine entry and exit points and optimize position sizing rules.

The platform provides detailed trading history and performance metrics for thorough strategy analysis. This allows traders to identify and fix weaknesses in their approach before risking real capital in live markets.

Beyond technical platform knowledge, the demo account helps develop essential professional trading skills. Traders learn to interpret market dynamics, understand how economic events affect prices and develop the emotional discipline needed for consistent trading.

The platform's real-time feedback helps traders understand their decision-making processes and improve their market analysis abilities. This practical experience creates a solid foundation for successful transition to live trading.

How to Get Started With an MT5 Demo Account

: Log in to your account. If you have a new account, fill in your email address and create a secure password. Click on 

 and verify your email if prompted. Only a Bybit Main Account holder can activate a Bybit MT5 Account.

: Congratulations! Your account has been created! Your 

 tab. You can also view your details when you click on 

. Keep the following login credentials (provided in the pop-up window) safe, as you'll need them to access the MT5 demo platform:

 in the drop-down menu, and select the amount of demo funds you would like to receive. You can choose from 

: Now that your demo account is funded, scroll down the page to download the MT5 platform based on your device’s operating system. For computers, you can download MT5 for Windows or macOS. Mobile traders can find the app on 

Optional: Set Up Your Trading Preferences

: Customize your MT5 interface by clicking on 

: Configure your charts and trading workspace:

: The demo server time zone is set to UTC+2 by default, and changes to UTC+3 during daylight saving time (DST). This setting cannot be modified.

An MT5 demo account is worth considering if any of the following apply to you:

Whether you're just starting your trading journey, or are looking to enhance your existing skills, the MT5 demo account offers the perfect balance of professional tools and risk-free practice. Take advantage of this opportunity to build your confidence and expertise before transitioning to live markets.

A Bybit MT5 demo account serves as an essential stepping stone along every trader's journey. It combines the powerful features of the MetaTrader 5 platform with Bybit's robust trading infrastructure, allowing you to practice trading cryptocurrencies, forex and CFDs risk-free.

While demo trading can't completely replicate the emotional aspects of live trading, it provides an ideal environment in which to master the platform, test strategies and prepare for managing real capital. Take advantage of this free resource to help build your confidence and refine your trading approach before transitioning to live trading.

Beginner

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MT5 Demo Trading: How to Set Up Your Bybit MT5 Demo Account

President Trump announced a private-sector investment of up to $500 billion to fund AI infrastructure, aimed at advancing U.S. leadership in the technology.

The S&P 500 hit a record high, rising 0.61% on strong earnings and optimism about Trump's policies. Investors await more earnings and jobless claims data. Gold rose above $2,760, driven by uncertainty over Trump’s tariff policies. Investors focus on the Fed’s January meeting, with key resistance at $2,763 and downside support at $2,582. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.67%, with Bitcoin and Ether dropping by 1.75% and 2.26%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is WLD, which surged nearly 5.5% following the boost from Trump's AI investment plan.

Worldcoin (WLD), founded in 2019, is a blockchain project that uses biometric eye scans to create unique digital IDs, ensuring privacy. Participants receive Worldcoin tokens for verification, granting access to free money. Co-founded by Sam Altman, it aims to build a global ID system and facilitate transactions via the World App, with $115 million raised in its Series C funding. Worldcoin's price surged after Trump announced a major AI investment plan involving OpenAI. The news boosted the crypto market, with Worldcoin's market cap rising significantly. AI-related projects also saw gains as traders grew optimistic about AI's influence on crypto.

Check Out the Latest Prices, Charts, and Data of 

 a private-sector investment of up to $500 billion to fund AI infrastructure, aimed at advancing U.S. leadership in the technology. The initiative, led by OpenAI, SoftBank, and Oracle under the joint venture "

," will include the construction of 20 data centers and create over 100,000 jobs. The project, already underway in Texas, is expected to support AI advancements like electronic health record analysis. The investment comes after the rollback of AI-related regulations from the Biden administration. Shares of Oracle and other tech companies saw a rise following the announcement.

Yesterday, BTC Spot ETFs experienced total outflows of $95.6 million, comprising $47.9 million from GBTC and $47.7 million from non-GBTC sources.

, with claims starting today at 1 PM UTC on the Arbitrum chain. The current pre-market price is $0.10. Eligibility includes Azuki NFT holders, top HYPE stakers, and holders of select tokens from platforms like Aave, Camelot, GMX, and Pendle. It's mainly targeted at whales, though some non-whales may qualify.

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Trump Unveils $500 Billion AI Infrastructure Investment to Boost U.S. Leadership

GoPlus is a web3 security provider whose user-driven security network provides protection for every step of the transaction lifecycle. Learn more here.

While online transactions offer a lot of convenience and speed, they do come with some potential security risks. Although problems like scams, hacks and data leaks are infrequent, some crypto traders end up having to deal with them. GoPlus hopes to solve these issues with its revolutionary security system. This project aims to be the first decentralized security layer for 

 builders. GoPlus has already managed to acquire many impressive customers, and has big plans for the future. 

What can users expect from GoPlus? Explore this guide to learn more about the system. 

 is a web3 security provider. Its user-driven security network provides protection for every step of the transaction lifecycle. GoPlus seamlessly integrates into products built on 

, Avalanche, TRON, Base and a variety of other chains.

Since its creation in 2020, GoPlus has been run by a group of three co-founders. The lead founder, known as Mike Lee, has also created other web3 startups, such as Delphy and Yixuan Tech. His experience working on decentralized markets demonstrated a need for better security services. Lee was joined by co-founder Allen Zhang, a former solution architect for Ant Group, and co-founder Eskil Xu, an economist who focuses on entrepreneurship and business.

Since its public launch in 2022, GoPlus has managed to attract a lot of positive attention. Its investors include Binance Labs, Animoca Brands, OKX Ventures and HashKey Capital. The platform has an average daily API call rate of 

, and it has protected clients from over 800,000 malicious threats.

GoPlus is tackling the issue of poor security in the web3 world. While blockchain products have significant inherent security, current setups make it quite easy for malicious actors to take advantage of customers. Industry reports suggest that the web3 industry loses 

GoPlus's focus is on addressing common security issues that can steal money from non-tech-savvy crypto users. However, the GoPlus team recognizes that the people most vulnerable to scams don't have the know-how to install their own security measures. Therefore, GoPlus aims to be a flexible system that can be added directly to web3 systems. Its team endeavors to create a helpful tool that any web3 project can connect to its network in order to keep users from falling for phishers and other scammers.

GoPlus is essentially set up as a decentralized software provider. The GoPlus ecosystem consists of a group of interested data providers, node providers, security developers and other contributors who provide computing power, store data and suggest changes to the GoPlus system. The trustless design requires contributors to stake tokens, so malicious actors lose money while valuable contributors earn it. 

GoPlus’s system then runs a comprehensive set of security features that any web3 developer can choose to install. Once GoPlus is connected to a 

 (DApp) or other part of a web3 ecosystem, user transactions are routed through various layers of the GoPlus architecture. Individual layers — such as data verification, anti-phishing and data security — provide security features as needed. Sophisticated security engines within the architecture can do everything from tracking common scammer IP addresses to dynamically testing smart contracts for vulnerabilities.

GoPlus has a robust suite of security features from which to choose. Following are the primary ways it provides value to web3 developers and users.

The GoPlus app is a comprehensive security module meant to combine all of GoPlus's features in one easy location. The app is accessible from a variety of devices, and enables users with full control over all their security needs. They can opt into and out of various security policies, and set their own risk levels.

The GoPlus Security API is a set of application programming interfaces that allow various applications to communicate with GoPlus and access its security features. The Security API suite from GoPlus has a modular design that allows users to choose from options, such as token security analysis, malicious address libraries, NFT security assessments and phishing site blockers.

GoPlus's Security SDK is a collection of software development kits that make it easy to integrate GoPlus features directly into any project. Interested developers can access a bundle of pre-coded security features that they can insert into their own designs.

 makes it easier to create and deploy secure cryptocurrency tokens. It includes open-source token contract templates, pre-audited designs and automated security checks. 

 chain that allows direct integration of security features into blockchain networks. The main benefit of SecNet is its on-chain firewall that monitors transactions in real time and stops high-risk transactions from running. 

In 2024, GoPlus was able to achieve many of its road map goals, 

 SecNet, SecHub and the SecWare protocol. Now that the basic protocols for the GoPlus security ecosystem are in place, GoPlus is transitioning to improving its customer service features. The next focus of the

 entails implementation of the security gas service model that will let contributors use the GPS token to protect on-chain transactions. 

GoPlus also plans to open its developer platform and create an open-sourced playground where community members can tinker around with new features for GoPlus. The final plan on the 2025 road map is to add support for more blockchains. 

The GPS crypto token is designed to facilitate the decentralized operation of the GoPlus platform. People can use it to pay for transaction fees and security features from GoPlus, and to help manage the staking system that secures the GoPlus network. The token’s total supply of 

 will be distributed in the following manner:

Since its release on the open market, the GPS token has almost doubled in value. Coin prices initially started at around $0.05, and quickly reached an all-time high of $0.1199 on Jan 22, 2025. Since then, its price has mostly stabilized within the range of $0.1191 (as of Jan 22, 2025). However, GPS is still a fairly new coin with a lot of potential for price change.

Though it's still too soon to get exact pricing predictions for GPS, the future looks promising for this token. CoinMarketCap reports 

, and on social media people are calling it a 

Looking to trade GoPlus tokens? Bybit now offers the GPS/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 for you to earn a share of a 19,000,000 GPS prize pool.

GoPlus appeals to the needs of modern crypto users. It provides security in a convenient manner, which has helped its token reach a respectable price. Investors who like working with new startups and tech-based companies may enjoy getting GPS tokens, especially during the current hype for the new token drop. Since the token has significant utility within the GoPlus ecosystem, its ability to maintain value over the long term is also promising.

However, GoPlus is still quite new, and it’s impossible to guarantee its success. The project relies on a small team, and anything that goes wrong could lead to a potentially major drop in the GPS token’s value. If GoPlus’s team fails to continue developing its product, enthusiasm and interest in the token could wane. Therefore, GPS investors need to pay close attention to market conditions and keep their portfolios diversified if they want to work with this token. 

GoPlus provides a valuable service for people looking to enhance web3 products. By implementing security features from the ground up, GoPlus addresses a lot of the common challenges that crypto users face. As long as it can continue to build on its current success, GoPlus has the potential to become an essential part of many other crypto systems.

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GoPlus (GPS): Your Gateway to Safer Crypto Transactions

Indicators

Investing

Trading

Looking to time your entry and exit into the crypto market? Avoid selling the bottom and buying the top with the WIlliams %R indicator!

 will tell you the story, while technical analysis is what signals when to get into and out of a trade. 

 will help you see the direction of the current trend, and when the market is overbought and oversold. The Williams %R is a tool that helps traders identify trend direction, and signals when to buy and sell. In this article, we’ll learn about this relatively unknown indicator, as well as four strategies to trade with it.

Williams %R is a momentum indicator used in technical analysis that measures whether a crypto asset is overbought and due for a correction, or oversold and about to begin a new rally.

Williams %R, also referred to as %R or Williams Percent Range, was developed by Larry Williams and first introduced in his 1979 book, “

How I Made One Million Dollars … Last Year … Trading Commodities.

 In 1973, the United States formally removed itself from the gold standard and inflation was high and rising. As a result, many commodities experienced strong trends, similar to the cryptocurrency trends we’re witnessing today.

When a market experiences strong trends, you want to utilize momentum indicators and tools to help you identify trading opportunities. Williams %R is a momentum indicator that generates easy-to-follow trading signals which allow traders to time their entries and exits.

In essence, the calculation determines how close the current price is to a recent high or low. For example, a reading of −10 suggests the asset is within the top 10% of the range. On the other hand, a reading of −90 suggests the asset is within the bottom 10% of the range.

The %R is a bounded oscillator. This means (in this case) that the output values cannot be greater than zero or less than −100. Bounded oscillators are excellent tools for providing traders signals of overbought or oversold assets, as the signals are easy to read.

With Williams %R, a reading above −20 is considered to be overbought. If a cryptocurrency goes above −20, then it’s approaching its recent highs and may be due for a correction.

On the other hand, a reading below −80 is considered oversold, suggesting a bullish reversal may occur soon because the market has sold off hard.

, the Williams %R has both advantages and limitations.

First, as a bounded oscillator, Williams %R makes reading overbought and oversold signals fairly simple: −20 represents overbought and −80 represents oversold. No additional math calculations are needed to interpret when a crypto asset has become overbought or oversold.

The biggest limitation to a bounded oscillator is that markets can remain overbought or oversold for extended periods of time. For example, if the Williams %R is vacillating between −.05 and 0, it simply means that the market is hovering near its high for the defined lookback period.  

To put it another way, if the market is in a strong uptrend, it could experience %R readings in overbought territory for an extended period of time, with the opposite being the case for downtrends.

Another limitation to the Williams %R is the scale it uses. I believe %R was created with uptrends in mind and, therefore, intended for use in determining how close to the range high the market is. Thus, the market will always be a percentage off from the high, which is why Larry Williams multiplies the ratio by −100.

However, the scale is counterintuitive when you’re reading it. As humans, we easily understand uptrends and positive numbers. Negative numbers take more mental capital for us to comprehend. Therefore, with nearly all readings of the Williams %R in negative territory, it requires more energy for us to interpret the numbers.

Williams %R is a versatile oscillator, and yields many uses. It has a variety of patterns which provide fruitful buy and sell signals. Below, we’ll share four strategies that a crypto trader can use with the Williams %R indicator.

One of the advantages of the Williams %R is its clearly defined overbought and oversold levels.

When an asset is oversold and below −80, a trader can buy once the market crosses back up above −80. In overbought conditions, a crypto trader can wait to sell until the crypto market crosses below −20. The chart above is illustrated with green vertical lines representing buy signals, and red vertical lines representing sell signals.

We can add another layer to this simple strategy by filtering trades solely in the direction of a trend. The goal of this refined strategy is to only take advantage of signals that align with the larger trend’s direction, while ignoring counter-trend signals.

Above, we’ve removed the short signals, filtering only for buy signals as the Bitcoin trend is up. Notice that when Williams %R drops below −80 into the oversold region, a rally follows soon thereafter.

To sum up this strategy, a trader would buy in an uptrend when the %R crosses above −80, while ignoring all short signals. In a downtrend, the trader would short when %R crosses below −20, while ignoring all long signals.

Another way to use the %R is to focus on the midline at −50. 

Above, we’ve marked the middle of the oscillator with a dotted line at −50. When the Williams %R moves above this midline, it signals that the trend is up and may continue to move higher.

On the contrary, when the %R line is below the −50 midline, it suggests a weak market that may weaken further.

Obviously, the %R line will cross back and forth between bullish and bearish territory. But generally speaking, it stays contained within one zone for a while. Therefore, a trader could look to initiate positions when the indicator’s line crosses −50 in either direction.

Bullish and Bearish Oscillator Divergence

There are times when the oscillator will move independently of price action, creating divergence. When you spot this happening, it signals that a trend change may soon appear.

For example, on the 2-hour Bitcoin chart above, the price is trading higher from September 13–21. After a brief correction beginning September 21, Bitcoin rallies again to reach a new high.  

However, the %R oscillator does not rally to a new high. This divergence, with the oscillator not confirming the new high in price, is a bearish signal that suggests a correction may be at hand. In fact, within a few hours, Bitcoin fell 20%.

The opposite can also occur with bullish divergence.

This 4-hour Bitcoin chart from April 2021 illustrates an instance of bullish divergence. Bitcoin’s price falls going into the first low on April 23. The Williams %R oscillator is deeply oversold, and Bitcoin rallies a small amount.

Then, Bitcoin corrects lower again to reach a new low. However, the %R oscillator doesn’t  — which creates bullish divergence. Bitcoin goes on to rally 30% over the next several days.

There are times when the market is so strong that corrections are very shallow, tending not to become oversold. It’s during these strong markets that you want to be positioned well. The failure swing strategy can help.

On the Bitcoin daily chart above, you can spot when the Williams %R line is trying to correct lower. However, the market is so strong that the %R line barely drops below −50, and doesn’t reach the −80 oversold region.

This is a bullish failure swing because the swing low doesn’t reach oversold levels. If you spot situations like these on a chart, look for opportunities to position yourself to the long side.

With the benefit of hindsight, we can now see that Bitcoin rallied nearly 3× over the next four months as a result of this bullish energy.

Williams %R vs. Alternative Trading Indicators

As a bounded oscillator, there are some similarities between the Williams %R and other oscillators. It’s important to understand the similarities and differences between these oscillators so you can determine which one will work best for you.

Williams %R vs. Fast Stochastic Oscillator

The Williams %R calculates the market’s current level relative to the highest high for the lookback period. On the other hand, the fast stochastic oscillator, which moves between 0 and 100, compares the market’s current level to the lowest low. As a result, these two oscillators essentially do the same thing, and appear very similar on charts.

When you inspect these two formulas, you’ll see they look very similar — with two main differences. The first difference, which we’ve already discussed, is that %R compares using recent highs, while fast stochastic compares using recent lows.

The second main difference is the multiplier. Due to this discrepancy, the %R has a limited output range of 0 to −100, while the fast stochastic oscillator has a range of 0 to +100.

 indicator. Similar to fast stochastic, the RSI indicator also measures between 0 and 100. However, the similarities end there.

The RSI calculation involves averaging the “up” days against the “down” days. In essence, it’s figuring out the strength with which the crypto market rallies on its bullish days vs. its weak  corrections on bearish days. RSI is used to calculate how much a market moves on average.

Notice the difference with the %R, which is a pure price comparison against a range high or low. The Williams %R is calculating how close the current price is to the range high and low.

As a result, you’ll tend to receive completely different values when comparing the RSI to the Williams %R.

Within the Williams %R in the example above, oversold readings below −80 are easy to come by. However, the corresponding RSI readings never do reach the oversold level of 30. As 

 is in an uptrend at the time, its relative strength is apparent in the RSI oscillator, with correspondingly high readings.

The Williams %R tool is excellent for helping traders clearly identify overbought and oversold levels for cryptocurrencies. %R is also versatile, as there are four different strategies a trader can deploy when using the oscillator, from simple “buy the dips” to swing failures.

Though the %R scaling isn’t the most intuitive, traders who have worked with stochastic or RSI oscillators will be familiar with how to use Williams %R as an indicator of overbought and oversold markets.

How to Use Williams %R to Identify if a Crypto is Overbought or Oversold

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