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Indicator Formula

Technical Details — Williams %R (WilliamsR)

Section titled “Technical Details — Williams %R (WilliamsR)”

The Williams %R calculation produces a bounded oscillator measuring momentum.


Mathematical Derivation

Purpose: Derive the Williams %R value.

See the Williams %R formula derivation in technical references.

Where:

  • Period parameters control lookback sensitivity

What This Measures: Momentum strength and direction



Compact Formula Summary

Refer to Williams %R formula for compact notation.

Defaults: Period = 14 bars


Complete Calculation Example

See the Williams %R technical documentation for worked calculation examples.


Key Takeaways from the Example
  1. Period sensitivity: Shorter periods = more signals, longer = smoother
  2. Threshold selection: Adjust based on asset volatility
  3. Signal line: Smoothed version for crossover timing