William percent range

I am analyzing the William Percent Range and as of today it has hit both high and low, or better speaking – 2% and -100%, does it ever go past this two boundaries?

Hi pete. It sounds as if you are using the standard range that is set from 0 to minus 100. If that is the case then no, it's impossible for this indicator to go outside of those boundaries. I think the one that comes as standard is set to 14 period.
If its done in one day what you say then you must be using it on smaller time frames of one hour or less.
I have also analysed this indicator some time ago. I never found it very useful in it's original form, just too erratic for my liking,but as with everything I get my hands on I like to experiment and spend time playing around with them.
What I have done is add a moving average, to the original signal, and then another moving average of that first moving average, then coloured out the original signal and you are left with something totally different.
I now look at this to confirm divergence that I think I am seeing on my system.I will post two charts the first shows original and the second after my FUBAR.
HTH

Roy

The William's %R is identical to the %K line on a fast stochastics indicator. Willliam's %R cannot go outside the [0% ... -100%] range just as the stochastics can't go outside [0% ... 100%].