Multi time frame (MTF) WilliamsPercentR for thinkorswim TOS

It is a momentum indicator that is designed to identify overbought and oversold areas in a non-trending market. The Williams Percent R can be interpreted similarly to the Stochastic oscillators but the Williams Percent R is simply plotted upside-down. Readings in the range of -80 to -100% may indicate that the security is oversold while readings in the 0 to -20% range suggest that it is overbought.

With this MTF version WilliamsPercentR, you can apply any time frame of WilliamsPercentR to your current chart.

You can have WilliamsPercentR for 15 or 60 minute on your 5 minutes chart, or having weekly WilliamsPercentR on Daily chart.

As long as the secondary time frame is greater than the primary time frame.

All time frames:

• MIN
• TWO_MIN
• THREE_MIN
• FOUR_MIN
• FIVE_MIN
• TEN_MIN
• FIFTEEN_MIN
• TWENTY_MIN
• THIRTY_MIN
• HOUR
• TWO_HOURS
• FOUR_HOURS
• DAY
• TWO_DAYS
• THREE_DAYS
• FOUR_DAYS
• WEEK
• MONTH
• OPT_EXP