Blog : Williams %R - Williams Percent Range Indicator

Williams %R - Williams Percent Range

A momentum indicator that measures overbought and oversold levels by comparing the closing price to the high-low range over a period.

Williams %R Inputs
Trend Following Mean Reversion
Length 14 Length 14
Source close Source close
Oversold Level -80 Oversold Level -80
Middle Level -50 Middle Level -50
Overbought Level -20 Overbought Level -20
Williams %R Long - Entry Trigger Long - Exit Trigger Short - Entry Trigger Short - Exit Trigger
Trend Following %R crossover Middle Level %R crossunder Middle Level %R crossunder Middle Level %R crossover Middle Level
Mean Reversion %R crossover Oversold Level %R crossover Middle Level %R crossunder Overbought Level %R crossunder Middle Level
Williams %R Long - Entry Confluence Long - Exit Confluence Short - Entry Confluence Short - Exit Confluence
Trend Following %R > Middle Level and < Overbought Level %R < Middle Level %R < Middle Level and> Oversold Level %R > Middle Level
Mean Reversion %R > Oversold Level and %R < Middle Level %R > Middle Level and %R < Overbought Level %R < Overbought Level and %R> Middle Level %R < Middle Level and %R> Oversold Level