Implementation of strategy - MA + Williams %R. Buy when price is above MA and Williams %R is below -80 (oversold). Sell when price is below MA and Williams %R is above -20 (overbought).
The moving average shows the prevailing trend direction. Williams %R looks for overbought or oversold points relative to that trend.
Fits swing traders waiting for pullbacks toward the average. Stop-loss distance comes from ATR.
- Entry Criteria:
- Long: Close > MA && WilliamsR < WilliamsROversold
- Short: Close < MA && WilliamsR > WilliamsROverbought
- Long/Short: Both
- Exit Criteria:
- Williams %R returns to middle
- Stops: Percent-based using StopLoss
- Default Values:
- MaPeriod = 20
- MaType = MovingAverageTypeEnum.Simple
- WilliamsRPeriod = 14
- WilliamsROversold = -80m
- WilliamsROverbought = -20m
- StopLoss = new Unit(2, UnitTypes.Percent)
- CandleType = TimeSpan.FromMinutes(5).TimeFrame()
- Filters:
- Category: Mean reversion
- Direction: Both
- Indicators: Moving Average, Williams %R, R
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Mid-term
- Seasonality: No
- Neural Networks: No
- Divergence: No
- Risk Level: Medium