Studies · Momentum
Williams %R
williamsR · Williams %R — the close below the recent high, −100..0
Drawn in its own panelReads high, low, closeGuide lines at -80, -20
Hover the chart to read values · practice data: a seeded random walk with no overnight gaps
What it measures
How far the close is below the highest high of the window, as a percentage of the range, from 0 (closed at the high) to −100 (closed at the low). It is the fast stochastic shifted down by 100, so the same shape on a −100 to 0 scale.
How traders use it
- Overbought above −20, oversold below −80.
- A move out of the extreme zone (for example back below −20) is often used as the actual signal.
- Divergence from price as a warning.
Parameters
| Name | Value | Default | Allowed | What it does |
|---|---|---|---|---|
| period | 14 | ≥ 1 usual 5–30 | The look-back window, in bars. |