Indicators: WPR with Bollinger bands
Make Zero level corrrect - your indicator all time in Munus
Hi Mladen, I wonder if there was indicator of Momentum with Bollinger Bands.
Alex Renko #:
Make Zero level corrrect - your indicator all time in Munus
Check how WPR is calculated and what range of values it produces : Williams %R: Definition, Formula, Uses, and Limitations. Make Zero level corrrect - your indicator all time in Munus
All the best
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
WPR with Bollinger bands:
Williams %R, WPR, or just %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by a publisher and promoter of trading materials, Larry Williams. Its purpose is to tell whether a stock or commodity market is trading near the high or the low, or somewhere in between, of its recent trading range.
The oscillator is on a negative scale, from −100 (lowest) up to 0 (highest), obverse of the more common 0 to 100 scale found in many Technical Analysis oscillators. A value of −100 means the close today was the lowest low of the past N days, and 0 means today's close was the highest high of the past N days. (Although sometimes the %R is adjusted by adding 100.)
This version of Williams Percent Range has an addition of Bollinger bands to help identify possible overbought and oversold levels breaks.
Author: Mladen Rakic