Williams %R

The Williams %R (%R) is a technical indicator that reflects the level of the close relative to the highest high over a specific period, usually 14 days or periods.Williams %R, also known as the Williams Percent Range, is categorized as a momentum oscillator. This means that it is used to identify overbought and oversold levels.

The Williams %R indicator was created by Larry Williams., the famed author, and stock and commodity trader. Williams %R is a bounded oscillator and moves between 0 and -100, with –50 as the midpoint.

• The closer the reading is -100, the closer the price is the lowest low in the lookback period.

• The closer the reading is to 0, the closer the price is highest high in the lookback period.

• If Williams %R crosses above -50, this signals that prices are trading in the upper half of the high-low range for the given lookback period. This is bullish.

• If Williams %R crosses below-50, this signals that prices are trading in the bottom half of the high-low range for the given lookback period. This is bearish.