A momentum oscillator: the close relative to the high-low range, from -100 to 0.
Williams %R compares the current close with the highest high over a period. Values from -20 to 0 indicate overbought (a potential sell), from -80 to -100 — oversold (a potential buy). The formula is identical to the stochastic %K, multiplied by -1 and shifted by -100.
The indicator value crossed the specified level from below to above.
The %R line crosses the configurable Level from below to above. Level is set in the trigger parameters.
Level cross down
🔴 Sell
The indicator value crossed the specified level from above to below.
The %R line crosses the Level from above to below. Level is set in the trigger parameters.
Value above level by N
🟢 Buy
The indicator value rose above the level by the specified distance.
The %R line crosses the Level + Distance mark moving up. The distance delays entry until a confirmed breakout of the level.
Value below level by N
🔴 Sell
The indicator value dropped below the level by the specified distance.
The %R line crosses the Level − Distance mark moving down.
Value rising
🟢 Buy
The indicator value is rising relative to the previous bar.
The %R line is higher on the current bar than on the previous one — upward momentum.
Value falling
🔴 Sell
The indicator value is falling relative to the previous bar.
The %R line is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar.
Slope turns positive
🟢 Buy
The indicator’s slope turned positive — an upward reversal.
The %R line changes its slope from falling to rising — the indicator stopped falling and started rising.
Slope turns negative
🔴 Sell
The indicator’s slope turned negative — a downward reversal.
The %R line changes its slope from rising to falling — the indicator stopped rising and started falling.
Enter overbought zone
🔴 Sell
The oscillator entered the overbought zone.
The %R line crosses the overbought threshold Overbought from below to above — the upper extreme of the range is reached. In a countertrend strategy it is used as a sell signal.
Enter oversold zone
🟢 Buy
The oscillator entered the oversold zone.
The %R line crosses the oversold threshold Oversold from above to below — the lower extreme of the range is reached. In a countertrend strategy it is used as a buy signal.
Exit overbought zone
🔴 Sell
The oscillator exited the overbought zone.
The %R line returns below the overbought threshold Overbought — upward momentum is weakening.
Exit oversold zone
🟢 Buy
The oscillator exited the oversold zone.
The %R line rises above the oversold threshold Oversold — downward momentum is weakening.
