Live example
Settings and defaults
| Setting | Default | Allowed range |
|---|---|---|
| Period | 14 | 2 to 500 |
What it plots
Drawn in its own pane below the price chart, with its own scale.
| Line | Unit | Drawn as | First value |
|---|---|---|---|
| Value | Percent | Line | after 14 candles |
Calculation notes
- Position of the close below the recent high, from -100 to 0. A flat range reads -50.
Questions
What are the default settings of Williams %R?
The defaults are Period: 14. You can change every setting on the live chart.
Can I use Williams %R for free on TraderAI?
Yes. Every indicator in the library can be added to the free live chart. The free plan keeps up to 2 indicators active at the same time; Pro lets you combine more on one chart.
Educational content. Indicators describe past prices; they do not predict future prices and are not investment advice.