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A line graph labeled “william % r” on a purple background with vertical grid lines. The red line is jagged and fluctuates up and down.

William% R Indicator

StockEdge by StockEdge
May 23, 2024
Reading Time: 6 mins read
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Table of Contents

  • What is William% R Indicator?
  • The formula for calculating William% R is:
  • Using William% R Indicator in StockEdge App:
    • Example 1: William% R Bullish & William% R Bearish:
    • Example 2: William% R Trending up & William% R Trending Down:
    • Example 3: William% R crossed – 20 from below and William% R crossed – 80 from above:

William% R indicator is a momentum indicator that moves between 0 and –100.

This indicator measures the overbought and oversold regions.

William % R indicator was developed by Larry Williams and compares the closing price of a stock over a particular period of time generally 14 periods.

Let us discuss more about this indicator:

What is William% R Indicator?

William % R indicator helps is a momentum indicator that helps in identifying overbought and oversold regions and also signals entry and exit points.

When William % R indicator is between 0 and – 20 then the price is considered to be in the overbought zone and when the indicator is between – 80 and – 100 then the price is considered to be in the oversold zone. An overbought or oversold reading doesn’t mean the price will reverse. Overbought simply means the price is near the highs of its recent range, and oversold means the price is in the lower end of its recent range.

See also: Rate of Change (ROC)

The formula for calculating William% R is:

Wiliams %R = Highest High−Lowest Low / Highest High−Close

​where:

Highest High = Highest price in the last 14 days.

Close = Most recent closing price.

Lowest Low = Lowest price in the last  14 days.​

To know more about William% R indicator , watch the video below on StockEdge William% R Scan Tutorial:

Using William% R Indicator in StockEdge App:

We have discussed the basics of William % R Indicator, now let us discuss how to use this technical indicator to filter out stocks for trading and enhance our analytics and research skills :

In StockEdge there are many William % R scans available for filtering out stocks for trading:

Let us discuss a few of these scans:

Example 1: William% R Bullish & William% R Bearish:Option on stockedge of william% r

William% R Bullish scan is a bullish scan which indicates that it has crossed – 80 from below and has exited the oversold zone and may move upward

Whereas William% R Bearish scan is a bearish scan which indicates that it has crossed – 20 from above has exited overbought region and may move downward.

When we click on William% R Bullish, we get a list of stocks which fulfill this criterion:

A screenshot of stockedge app showing the performance of various stocks the section is called wiliam % r scans. The app shows the performance of various stocks, including ‘flfl’, ‘william %r’, ‘idea’, ‘tornt pharm’, ‘akzo nobel india’, and ‘william %r’. From 19 sep, 2019.

After clicking on Future Lifestyle Fashions Ltd., we get a technical chart with William% R plotted in the sub-graph:

A screenshot of a stock candlestick chart for future lifestyle fashions limited on the national stock exchange of india. The stock price appears to have fluctuated between 448. 25 and 460. 00 during this period. The chart also includes a volume indicator and a williams %r indicator.

Example 2: William% R Trending up & William% R Trending Down:

A screenshot of a list of technical analysis results for william %r trending on stockedge app.

William% R Trending Up is a bullish scan which indicates that the indicator has crossed -50 from below.

When this indicator crosses – 50 from below then it indicates uptrend and when it crosses -50 from above then it indicates downtrend just like the William% R Trending Down scan.

When we click on William% R Trending Up, we get a list of stocks which fulfill this criterion:

A screenshot of the financial app stockedge showing a list of companies and their stock prices as of 19 september, 2019.

Example 3: William% R crossed – 20 from below and William% R crossed – 80 from above:

A screenshot of stockedge with a list of technical data. The list is made up of several items, each with a red star next to it. The item with the red star is “william %r crossed -80 from above”. The other items in the list are “william %r trending up”, “william %r bullish”, and “william %r bearish”.

William% R Crossed – 20 From Below is a bullish scan which indicate that this indicator has entered the overbought region and may move more upward.

William% R Crossed – 80 From Above is a bearish scan which indicate that this indicator has entered the oversold region and may move more downward.

When we click on William% R Crossed – 20 From Below, we get a list of stocks which fulfill this criterion:

Image of a screenshot taken from the stockedge app of list of technical analysis indicators.

After clicking on CCL Products Ltd., we get a technical chart with William% R plotted in the sub-graph

Above are examples of the William% R scans that tell you if the stock is bearish or bullish and also give us a list of the stock which fulfils the criteria of the particular day.

You can filter out the stocks and can trade accordingly using these scans.

William% R scans are one of the free tool offered by StockEdge app which you can download from Play Store.

Interactive charts are only available for paid subscribers. You can check out our subscriber plans from here.

To have a comprehensive idea of William% R, click Elearnmarkets.com.

Tags: technical analysisTechnical indicatorsTechnical scans
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Comments 2

  1. Avatar of shyam sundar jaiswara Shyam Sundar jaiswara says:
    4 years ago

    Good afternoon,
    Everyone.
    Very awesome.

    • Avatar of stockedge StockEdge says:
      4 years ago

      We are glad you liked the content. Keep following us on Twitter to read more such Blogs!

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StockEdge (Kredent InfoEdge Pvt. Ltd.) is a SEBI-registered Research Analyst (RA) entity (SEBI Registration No: INH300007493). The information provided in this article is for educational and informational purposes only and should not be considered as an offer to buy or sell any securities or investment products.

The stocks, securities, and investment instruments mentioned herein are not recommendations under SEBI (Research Analysts) Regulations, 2014. Readers are advised to conduct their own due diligence and seek independent financial advice before making any investment decisions.

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