Abbreviation: %R
Category: Price Momentum Indicators
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Stochastic Periods | Int >= 1 | 5 |
Calculation:
100 * (H – Closing Price) / (H – L)
where
H = PriceHigh(High Price, n)
L = PriceLow(Low Price, n)
n = Stochastic periods
PriceHigh represents Price High
PriceLow represents Price Low
Discussion:
The measures price momentum. Mathematically, %R ranges between values of 0 and 100. The closer %R is to 0, the stronger an indication of an uptrending market. The closer %R is to 100, the stronger an indication of a downtrending market.
In some other software the Williams %R may range from 0 to -100. To make the conversion in NeuroShell Trader, simply apply the Negative indicator (in the arithmetic category) to your Williams %R.