# 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.