Williams %R
Williams %R: where the close sits in the high / low range of the last bars, from 0 (top) to -100 (bottom).
How to read it
- Above -20 is overbought, below -80 oversold.
- Leaving an extreme zone can signal the end of a push.
- In strong trends it can stay near one extreme.
Key settings
- Length 14, source close.
- Levels -20 / -80 with a zone; extremes coloured.
Good to know
- Drawn in its own pane below the chart.