Section: 3 Market Structure

Sub Section: 3 William's %R Formula

William's %R is a momentum indicator, and is used to measure overbought and oversold levels. This indicator is very similar to the Stochastic %K indicator, except that Williams %R is always a negative value between 0 and -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold. This indicator was developed by Larry Williams.