WPR

The WPR indicator (Williams% R or Williams Overbought / Oversold Index) was invented by Larry Williams to estimate the speed of price movements and shows the position of the closing price relative to the max / min levels for a certain period.

The indicator shows the level of the current closing price of the period relative to the real range (max / min). Values (in percent) are displayed in the range from 0% to (-100%).

View of indicator on the chart:

Calculation:

Where:

Close (i) - current closing price;

Max (high (i-n)) - maximum for n periods;

Min (low (i-n)) - minimum for n periods.

To add and configure the indicator, you must open the settings window.


Common

Period


Misc

Show description

Drawing

Panel - select the location of the indicator on the chart:

  • New panel
  • Chart

WPR

Show value - display the value of the indicator on price scale.

Show zero values- display zero values.

Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.

Color - line color.

Visual type - visual adjustment of the indicator on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - customize the appearance of the line:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Lines

-20

Color - choose color of line.

Line style - customize the appearance of the line:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - adjust the thickness of the indicator line.

Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.

Value

Text

For -80  line settings are same.