Indicator Formula

Technical Details — Williams %R (WilliamsR)
Section titled “Technical Details — Williams %R (WilliamsR)”Overview
Section titled “Overview”The Williams %R calculation produces a bounded oscillator measuring momentum.
Mathematical Derivation
Step 1 — Calculate WilliamsR
Section titled “Step 1 — Calculate WilliamsR”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
- Period sensitivity: Shorter periods = more signals, longer = smoother
- Threshold selection: Adjust based on asset volatility
- Signal line: Smoothed version for crossover timing