DayWPR: Williams Percent Range with a Daily Adaptive Period
Summary
DayWPR is a version of Williams Percent Range whose lookback period is calculated automatically from the number of bars in the current trading day. The stated aim is to adapt the indicator calculation to the day’s bar count, and the document recommends using it to inform intraday trading decisions. It supports chart intervals from one minute through one day.
The note says the indicator may take time to calculate when first launched. It does not explain the exact period formula, show example signals, or report tests or trading results. It also gives no guidance on thresholds, confirmation, exits, or risk controls. As a result, the document introduces an adaptive indicator concept and a suggested use case, but leaves traders to assess how its readings behave across instruments, sessions, and intraday timeframes.
Key ideas
- DayWPR is a Williams Percent Range indicator with a period based on the current day’s bar count.
- The document recommends using it to support intraday decisions.
- It is described for timeframes from one minute to one day.
- Initial calculation may take some time, and no test results or signal rules are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.