Williams %R
Also called: Williams percent R, %R
A momentum oscillator from −100 to 0 measuring the close versus the recent high-low range — above −20 is overbought, below −80 oversold.
Created by Larry Williams, %R is essentially an inverted stochastic. It measures where the close sits within the last N periods' range, scaled from −100 (at the low) to 0 (at the high). Readings near 0 (above −20) are overbought; readings near −100 (below −80) are oversold.
Traders use %R for overbought/oversold extremes and to time pullback entries within a trend. Like other range oscillators, it can stay pinned at an extreme during a powerful move, so confirmation matters.
On StockSetups
Williams %R is one of the momentum oscillators on each StockSetups signal and a screener field, letting you screen for names stretched or resetting within the larger setup.
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