Williams R

Strategy based on Williams %R indicator

Testing indicates an average annual return of about 88%. It performs best in the stocks market.

Williams %R identifies overbought and oversold zones. When the indicator rises above the upper threshold it signals potential weakness for shorts; readings below the lower threshold suggest longs. Positions close once %R moves toward neutral.

Because %R oscillates quickly, the strategy can generate many signals in volatile markets. Some traders combine it with other filters to reduce noise.

Details

• Entry Criteria: Signals based on Williams.
• Long/Short: Both directions.
• Exit Criteria: Opposite signal or stop.
• Stops: Yes.
• Default Values:
  • Period = 14
  • StopLossPercent = 2m
  • CandleType = TimeSpan.FromMinutes(5)
• Filters:
  • Category: Trend
  • Direction: Both
  • Indicators: Williams
  • Stops: Yes
  • Complexity: Basic
  • Timeframe: Intraday (5m)
  • Seasonality: No
  • Neural Networks: No
  • Divergence: No
  • Risk Level: Medium