williamsr
Williams %R is a momentum oscillator that measures overbought and oversold levels. It ranges from 0 to -100, with readings above -20 indicating overbought conditions and below -80 indicating oversold conditions.
williamsr (tick)
Williams %R is a momentum oscillator that measures overbought and oversold levels. It ranges from 0 to -100, with readings above -20 indicating overbought conditions and below -80 indicating oversold conditions.
Input parameters
| Prop | Type | Default | Description |
|---|---|---|---|
minutes* | number | 14 | The number of minutes to calculate the Williams %R |
SQL example
TICK williamsr WITH minutes=14 < -80 THEN order SET size=100, price=51.00, transmit=truewema
Wilder's Exponential Moving Average (WEMA) is a modified version of the EMA that uses a different smoothing factor (1/n instead of 2/(n+1)). It provides a smoother line than traditional EMA and is often used in other technical indicators like RSI and ADX.
wma
Weighted Moving Average (WMA) is a moving average that assigns different weights to data points, with more recent prices having higher weights. It responds more quickly to price changes than a Simple Moving Average, making it useful for identifying trends and potential support/resistance levels.