Strategy based on Williams %R indicator
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.
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