WPR HL - Williams’ Percent Range indicator calculated by (High-Low)

The indicator has three input parameters:

  • Period - calculation period
  • Overbought - overbought level
  • Oversold - oversold level

Calculation:

WPR_HL =-100.0 * (Max-HL) / (Max-Min)

where:

HL = High - Low
Max, Min are the highest and lowest prices within the Period interval

Fig. 1. WPR HL

Fig. 2. WPR HL as compared to Williams’ Percent Range