Williams Percent Range Adapted to High-Low Price Differences

Summary

The document introduces a variant of Williams’ Percent Range that uses the difference between the current high and low in its calculation. It defines the indicator from that high-low value relative to the highest and lowest prices over a configurable lookback period, then scales the result by negative one hundred. Users can also set overbought and oversold levels, which provide reference thresholds for interpreting the oscillator.

The excerpt identifies the formula and input parameters and notes that figures compare the variant with the conventional Williams’ Percent Range. It does not include those figures or explain how the high-low substitution changes signals, nor does it give trading rules, sample data, or performance results. As presented, this is a definition of an indicator rather than a tested strategy; its behavior and usefulness would need to be evaluated across instruments and market conditions before relying on threshold readings.

Key ideas

• The indicator adapts Williams’ Percent Range by using the current high-low difference in its calculation.
• Its lookback period determines the highest and lowest prices used for comparison.
• Overbought and oversold levels are configurable interpretation thresholds.
• The excerpt mentions a comparison with the standard indicator but provides no results or trading rules.

Tags

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