Naveen %R (140)

Naveen %R (140) is a custom momentum oscillator inspired by the Williams %R indicator, optimized for analyzing overbought and oversold conditions in volatile markets, such as altcoins on short timeframes like 5 minutes. Unlike the traditional Williams %R, it employs a 140-period lookback to capture longer-term price extremes, smoothing out noise for a clearer view of market momentum. The indicator ranges from 0 to -100, with custom thresholds set at -5 for overbought (red line) and -95 for oversold (green line), offering tighter boundaries to pinpoint significant reversals. Plotted in blue, Naveen %R (140) is ideal for traders seeking a robust tool to navigate fast-moving crypto markets with enhanced precision.