Strategy based on MACD and Williams %R indicators. Enters long when MACD > Signal and Williams %R is oversold (< -80) Enters short when MACD < Signal and Williams %R is overbought (> -20)
MACD indicates the larger momentum shift, while Williams %R pinpoints near-term reversals. Both signals must line up to initiate a trade.
Good for those who like to combine trend and countertrend cues. Stops hinge on an ATR factor.
- Entry Criteria:
- Long: MACD > Signal && WilliamsR < -80
- Short: MACD < Signal && WilliamsR > -20
- Long/Short: Both
- Exit Criteria: MACD cross in opposite direction
- Stops: Percent-based using StopLossPercent
- Default Values:
- MacdFast = 12
- MacdSlow = 26
- MacdSignal = 9
- WilliamsRPeriod = 14
- StopLossPercent = 2.0m
- CandleType = TimeSpan.FromMinutes(5).TimeFrame()
- Filters:
- Category: Mean reversion
- Direction: Both
- Indicators: MACD, Williams %R, R
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Mid-term
- Seasonality: No
- Neural Networks: No
- Divergence: No
- Risk Level: Medium