Williams %R

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WilliamsPctR(Periods)
WPR(Periods)

Overview
Developed by trader Larry Williams, the Williams’ %R indicator measures
overbought/oversold levels. This indicator is similar to the Stochastic Oscillator. The outputs range from 0 to -100.

Interpretation
The market is considered overbought when the %R is in a range of 0 to
-20, and oversold when %R is in a range of -80 to -100.

Recommended Parameters
Periods: 14

Example
set BUY = WPR(14) < -80
Evaluates to buy when Williams’ %R is oversold.

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