Williams %R

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Williams %R

Description

Developed by Larry Williams, Williams %R is a momentum indicator that works much like the Stochastic Oscillator. It is especially popular for measuring overbought and oversold levels. The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold.

... Courtesy of StockCharts

Syntax

WilliamsR(int period)
WilliamsR(IDataSeries input, int period)

Returns default value
WilliamsR(int period)[int barsAgo]
WilliamsR(IDataSeries input, int period)[int barsAgo]

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

Parameters

input	Indicator source data (?)
period	Number of bars used in the calculation

Examples

// Prints the current value of a 20 period WilliamsR using default price type
double value = WilliamsR(20)[0];
Print("The current WilliamsR value is " + value.ToString());

// Prints the current value of a 20 period WilliamsR using high price type
double value = WilliamsR(High, 20)[0];
Print("The current WilliamsR value is " + value.ToString());

Source Code

You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.