The Williams Percent R is a lower study. It is a momentum indicator that is designed to identify overbought and oversold areas in a non-trending market. The Williams Percent R can be interpreted similarly to the Stochastic oscillators but the Williams Percent R is simply plotted upside-down. Readings in the range of -80 to -100% may indicate that the security is oversold while readings in the 0 to -20% range suggest that it is overbought.
||The number of bars used to calculate the Williams Percent R.|
||The level at which you wish to see the overbought line placed.|
||The level at which you wish to see the oversold line placed.|
||Displays calculated Williams Percent R line.|
||Displays overSold input parameter.|
||Displays overBought input parameter.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.