Blog : Williams %R - Williams Percent Range Indicator
Williams %R - Williams Percent Range
Williams %R is a momentum-based oscillator used to identify overbought and oversold conditions. It compares the current close to the highest high over a user-defined look-back period. The %R oscillates between 0 and -100, with readings closer to 0 indicating overbought conditions and readings closer to -100 indicating oversold conditions. It is typically used to generate setups based on these conditions and overall changes in momentum.
| Williams %R Inputs | |
|---|---|
| Length | 14 |
| Source | close |
| Oversold Level | -80 |
| Middle Level | -50 |
| Overbought Level | -20 |
| Long - Entry Trigger | Long - Exit Trigger | Short - Entry Trigger | Short - Exit Trigger |
|---|---|---|---|
| %R crossover Oversold Level | %R crossunder Overbought Level | %R crossunder Overbought Level | %R crossover Oversold Level |
| Long - Entry Confluence | Long - Exit Confluence | Short - Entry Confluence | Short - Exit Confluence |
| %R > Middle Level and < Overbought Level | %R < Middle Level | %R < Middle Level and > Oversold Level | %R > Middle Level |