MOMENTUM & OSCILLATORS
Williams %R
A 0 to −100 meter for where the close sits in the recent range.
spec id: willrlength (default 14)
What does Williams %R measure?
A 0 to −100 meter for where the close sits in the recent range. Near 0 means it closed at the top of it; near −100, at the bottom.
How is Williams %R calculated?
Find the highest high and the lowest low of the last 14 candles, and measure how far below that high today's close landed, as a share of the full range — reported as a negative number.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Williams %R in a bot?
In the builder, add an indicator of type willr (parameters: length, default 14). Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
Related indicators
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- Awesome oscillatorA simple momentum gauge: is the recent market pushing harder than the wider market?
- Abs price oscillatorThe raw gap between a fast trend line and a slow one.
- AroonA pair of 0-100 meters for how RECENTLY the market set a new high and a new low.
Or browse all 158 indicators in the full library.