Williams’ %R < x
Abbreviation: %R<x
Category: Crossover & Breakout Identification
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Stochastic Periods | Int >= 1 | 5 |
| X | Real | 20 |
Calculation:
If %R(High Price, Low Price, Closing Price, Stochastic Periods) < X then equals 1
Otherwise 0
where
%R represents Williams’ %R
Discussion:
Indicates the periods for which Williams’ %R is below a certain value.