Williams %R Divergence Strategy (C#). StockSharp

Author: StockSharp
N: 1464
v5.0.1 (7/30/2025)
Downloads: 76

The Williams %R oscillator gauges overbought and oversold conditions. When price makes a new low but %R forms a higher low, or when price prints a new high but %R turns lower, momentum may reverse. This strategy hunts for such divergences at the extremes of the indicator.
Every bar the system records the latest close and %R value to compare with the prior reading. A bullish divergence combined with an oversold level below -80 triggers a long entry, while a bearish divergence and a reading above -20 produces a short. Stops are set using a percentage of price.
Positions exit when the oscillator returns to the opposite extreme, capturing the snap back from the divergence signal.

  • Entry Criteria: Price/%R divergence with %R below -80 for longs or above -20 for shorts.
  • Long/Short: Both.
  • Exit Criteria: Williams %R reaching the opposite extreme or stop-loss.
  • Stops: Yes, percentage based.
  • Default Values:

    • WilliamsRPeriod = 14
    • DivergencePeriod = 5
    • CandleType = 5 minute
    • StopLossPercent = 2

  • Filters:

    • Category: Divergence
    • Direction: Both
    • Indicators: Williams %R
    • Stops: Yes
    • Complexity: Intermediate
    • Timeframe: Intraday
    • Seasonality: No
    • Neural networks: No
    • Divergence: Yes
    • Risk level: Medium