Williams %R (period 14)Momentum

Timeframe M1 · unit pts

What it measures

Williams %R shows where the current close sits relative to the highest high of the last 14 bars, measured as a percentage of the full 14-bar range. The raw scale runs from −100 (at the low) to 0 (at the high); here it is shifted by +50 so that 0 is mid-range, −50 is at the 14-bar low, and +50 is at the 14-bar high.

How Janira reads it (bullish vs bearish)

A reading above +25 (raw %R above −25) means price is in the top quarter of its 14-bar range. Below −25 (raw below −75) means price is in the bottom quarter. The indicator is identical in concept to stochastic %K but approaches from the top of the range rather than the bottom.

In plain language

Williams %R is like a ruler placed upside-down on the 14-bar range: when the price is near the top, the number is high (positive); when near the bottom, it is low (negative). Zero means exactly mid-range.

Scenarios

Reading above +30 (raw %R above −20): close is very near the 14-bar high - buyers have pushed price to the upper edge of the range.
Reading near 0 (raw %R near −50): close at mid-range - neither buyers nor sellers have pressed price to an extreme in recent bars.
Reading below −30 (raw %R below −80): close is very near the 14-bar low - sellers have pressed price to the lower edge.
Rapid cross from −30 to +30: price moved from the bottom of the range to the top within a very short time - a sharp, momentum-driven expansion of range from low to high.

More momentum indicators

Relative Strength Index (RSI-14)Relative Strength Index (RSI-7)Stochastic %K (period 14)Stochastic %D (3-period smooth of %K-14)Stochastic RSI (period 14)Commodity Channel Index (CCI-20)Rate of Change (ROC-12)Momentum (10-bar price difference)

Janira computes Williams %R (period 14) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.