Indicators & Analysis
Intermediate
Williams %R
Also called: W%R, Williams Percent R
Momentum oscillator (0 to −100) showing where current close sits in the last N-period range.
Definition
Williams %R (Larry Williams) is essentially an inverted, unsmoothed stochastic. Reads from 0 to −100, with > −20 = overbought, < −80 = oversold.
Faster and noisier than RSI — works best in ranges, gets crushed in trends.
Formula
%R = −100 × (Highest_high_n − Close) / (Highest_high_n − Lowest_low_n)