WILLR
— Williams %R Trading Series
The WILLR
trading series represents Williams %R, a momentum indicator that measures overbought and oversold levels.
It is built upon the Williams %R indicator implementation from the indicators module.
Parameters
WILLR(
ticker: str,
source: SourceType = SourceType.CLOSE,
length: int = 14
)
ticker
(str
): Asset ticker symbol.source
(SourceType
): Price source for calculation. Default isSourceType.CLOSE
. Supported sources are linked here.length
(int
): Lookback period for the %R calculation. Default is 14.
Description
- Values near -20 suggest overbought conditions.
- Values near -80 suggest oversold conditions.
- Very similar in interpretation to the Stochastic Oscillator.
Example Usage
WILLR(
ticker="AAPL",
source=SourceType.CLOSE,
length=14
)