01 · Indicator · Williams %R
What is Williams %R?
Designed by Larry Williams, %R measures where the close sits relative to the N-period high.
It mirrors the fast stochastic, on a 0 to −100 scale.
02 · Indicator · Williams %R
The calculation
%R = −100 × (N high − Close) / (N high − N low).
Common period: 14.
03 · Indicator · Williams %R
Reading the signals
0 to −20: overbought; −80 to −100: oversold.
Very responsive, it sometimes turns before price.
04 · Indicator · Williams %R
Settings and combinations
The period is adjustable in the Momentum group. It pairs well with: Stochastic Oscillator, CCI (Commodity Channel Index), RSI.
To put the signal in context, check the Heatmap, the news or ask the AI Compass. No indicator is investment advice.
◆ Step by step
Get started in 4 steps
- 01
Open a chart
Search for an asset on the Charts page and pick a timeframe.
- 02
Add the indicator
Open Indicators, Momentum group, then click Williams %R.
- 03
Adjust the settings
Change the parameters in the indicator sheet to suit your horizon.
- 04
Confirm the signal
Cross-check with the main trend and another indicator before concluding.
◆ FAQ
Your questions, clear answers.
01Why negative values?
By convention the scale runs from 0 (top) to −100 (bottom).
02%R or stochastic?
They are close; %R is not smoothed.
03Typical use?
Spotting short-term excesses.