Williams %R
Learn Williams %R indicator - a fast overbought/oversold oscillator. Compare to Stochastic and RSI.
What is Williams %R?
Williams %R was developed by Larry Williams and is similar to Stochastic, but inverted. It measures where the close is relative to the high-low range.
%R = ((Highest High - Close) / (Highest High - Lowest Low)) × -100
Key Levels
- -20 to 0: Overbought zone
- -100 to -80: Oversold zone
- -50: Midpoint equilibrium
Williams %R vs Stochastic
- Williams %R is essentially an inverted Stochastic %K
- %R uses negative scale (-100 to 0), Stochastic uses positive (0 to 100)
- %R is faster and more sensitive to price changes
- Both measure same concept - close position in price range
GarudaAlgo Implementation
GarudaAlgo Enhancement
GarudaAlgo uses Williams %R as a confirmation indicator alongside RSI and Stochastic, looking for alignment across multiple oscillators for higher probability signals.
Strategy
- Look for %R to exit overbought/oversold zones
- Cross back below -20 = bearish
- Cross back above -80 = bullish
- Combine with trend filter for best results