What is the best setting for Williams %R?

The best Williams %R setting is the default 14 periods, with -20 marking overbought and -80 marking oversold.

For day traders or scalpers, a 5-10 period setting increases sensitivity, capturing rapid price swings in volatile markets like forex or crypto.

Swing or position traders may prefer 20-30 periods to reduce noise and focus on broader trends. Short lookbacks (e.g., 2 days) produced the best results