Williams Percent Range Indicator
Williams percent range indicator developed by Larry Williams, is designed to determine any possible turning points by identifying if an asset is overbought or oversold.
As mentioned before, WPR indicators main goal is to find possible overbought and oversold areas. The asset may be overbought I the indicator goes above -20 and if it drops under -80, the asset may be oversold.
William Percent Range Indicator Calculation
R% = 100 x [(H-C)/(H-L)]
H = Highest price
C = Current closing price
L = Lowest price