Williams %R — Indicator by 00120547

Williams %R indicator with Bollinger Bands.

A bound oscillator from a formula by Larry Williams.

The oscillator ranges from 0 to -100. Overbought is at -20 and oversold is -80.

You can change the %R period, toggle the Bollinger Bands on and off and change the Bollinger Band period.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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