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Wiliams %R

This indicator was created by Larry Williams and shows overbought and oversold levels, using a negative range of 0 to -100.

An Example of the Williams %R

How to Interpret the Williams %RM

Buy Signals
When the Williams %R falls below the oversold level of -80.
A Bullish Divergence, where the price creates a lower low and the indicator creates a higher high.
Or when a Failure Swing presents it self.

Sell Signals
When the Williams %R rises above the overbought level of -20.
A Bearish Divergence, where the price creates a higher high and the indicator creates a lower high.
Or when a Failure Swing appears.

How to Calculate the Williams %R

%R = (Highest High - Close)/(Highest High - Lowest Low) * -100

Lowest Low = lowest low for the look-back period
Highest High = highest high for the look-back period
%R is multiplied by -100 correct the inversion and move the decimal.

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