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Williams %R

The Williams Percent Range (%R) is a momentum indicator (similar to the Stochastic Oscillator), developed by Larry Williams, which identifies overbought and oversold market conditions. It is plotted on an inverted scale ranging from 0 to -100. Readings from 0 to -20 are considered to be overbought, and readings from -80 to -100 are considered oversold.


The indicator should not be used in isolation as the interpretation is dependent on the underlying trend, which can be identified using for example a moving average. In a bull market, a reading below -80 would signal a buy opportunity. In a bear market, a reading above -20 would signal a sell opportunity.


Williams %R Formula

The formula used to calculate Williams %R is:


Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://api.formulasearchengine.com/v1/":): {\displaystyle \text{Williams Percent Range} = \displaystyle \left (\frac{\text{Highest HIGH in }n\text{ periods} - \text{Current CLOSE}}{\text{Highest HIGH in }n\text{ periods} - \text{Lowest Low in }n\text{ periods}} \right )* -\text{100} }


The default period Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://api.formulasearchengine.com/v1/":): {\displaystyle n} used to calculate the Williams %R is 14. You can change this to suit your trading strategy. Reduce the period to make the indicator more sensitive or increase the period for smoother results. Bear in mind, the more sensitive you make the indicator, the more false signals you will get.


Williams %R Indicator

The Williams %R indicator can be displayed on the TimeToTrade charts. To add the Williams %R indicator to the TimeToTrade charts, go to the chart settings and click on the 'Add Indicator' button. Click on the search box and type the name of the indicator that you are looking for, or for example type Williams %R and scroll through the results:


Generic Indicator Settings 1.png


After adding the Williams %R indicator, within the chart settings, click on it to set the parameters and change colours.



Williams %R Alerts

Alerts can be set up to provide an Email or SMS text message notification of when your Williams %R indicator chart conditions have been met, backtest trading strategies or execute demo trades. To learn more:



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The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.


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