Using Williams %R Across a Selectable Higher Timeframe

Summary

This brief describes an UltraWPR indicator that lets the user choose the chart period from its input settings. The example setting uses a four-hour timeframe, allowing the indicator to display Williams %R calculations based on a period different from the chart’s own interval.

The document provides no calculation details, trading rules, performance evidence, or guidance on interpreting signals. It is a short description of an indicator feature, so it does not establish whether higher-timeframe readings improve entries or exits, or how users should handle signals that may change as a higher-timeframe bar develops.

Key ideas

• The indicator allows users to select the timeframe used for its calculations.
• The example uses a four-hour period, which may differ from the displayed chart interval.
• The description gives no trading rules or evidence about indicator performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.