OscillatorMetaTrader 5 • MQL5

Williams %R Indicator for MetaTrader 5

Williams Percent Range with overbought/oversold alerts for MT5

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About This Indicator

The Williams %R indicator measures overbought and oversold market conditions on a scale of 0 to -100. This MT5 implementation includes color zones, alert notifications, and a clear visual design.

Key Features

  • Color changes at overbought (-20) and oversold (-80)
  • Alert on extreme level entries
  • Configurable period and threshold levels
  • Clean visual design with horizontal reference lines
  • Works across all timeframes

Frequently Asked Questions

How is Williams %R different from RSI?

Williams %R uses a 0 to -100 scale and is more sensitive to recent price changes, while RSI uses 0 to 100 and smooths signals more.

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