Williams R Breakout Strategy (Python)

This strategy seeks momentum bursts by watching Williams %R relative to its historical average. When the oscillator pushes far beyond typical readings, it may signal the start of a strong move. A long position is opened when %R climbs above the average plus Multiplier times an estimated standard deviation. A short position is taken when %R drops below the average minus the same multiplier. The trade closes once %R returns toward its average or a stop-loss is hit. The approach caters to breakout traders who want early participation in emerging trends. Position risk is managed with a percentage stop based on the entry price.

• Entry Criteria:

• Long: %R > Avg + Multiplier * StdDev

• Short: %R < Avg - Multiplier * StdDev []Long/Short: Both sides. []Exit Criteria:

• Long: Exit when %R < Avg

• Short: Exit when %R > Avg []Stops: Yes, percent stop-loss. []Default Values:

• WilliamsRPeriod = 14

• AvgPeriod = 20

• Multiplier = 2.0m

• CandleType = TimeSpan.FromMinutes(5) [*]Filters:

• Category: Breakout

• Direction: Both

• Indicators: Williams %R

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk Level: Medium