Williams %R
MomentumOwn panel belowHow far below the recent high price is now, on a 0 to −100 scale.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Near 0 is close to the period high, near −100 close to the low. The arithmetic is essentially an inverted stochastic.
Where it misleads
The negative scale confuses people at first — the top of the panel is the expensive side.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- MomentumThe plain difference between price now and price N bars ago.
- Rate of ChangeThe percentage change from N bars ago to now.
- Ultimate OscillatorA 0–100 reading that blends short, medium and long windows at once.
- Awesome OscillatorThe gap between a short and a long average, drawn as bars.
- Accelerator OscillatorWhether the Awesome Oscillator itself is speeding up or slowing down.
- TRIXThe rate of change of a triple-smoothed average.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.