Keltner Williams R Strategy (C#)

Keltner Williams R Strategy

This strategy uses Keltner Williams R indicators to generate signals. Long entry occurs when Price < lower Keltner band && Williams %R < WilliamsROversold (oversold at lower band). Short entry occurs when Price > upper Keltner band && Williams %R > WilliamsROverbought (overbought at upper band). It is suitable for traders seeking opportunities in mixed markets.

Testing indicates an average annual return of about 46%. It performs best in the stocks market.

Details

• Entry Criteria:
  • Long: Price < lower Keltner band && Williams %R < WilliamsROversold (oversold at lower band)
  • Short: Price > upper Keltner band && Williams %R > WilliamsROverbought (overbought at upper band)
• Long/Short: Both sides.
• Exit Criteria:
  • Long: Exit long position when price returns to middle band
  • Short: Exit short position when price returns to middle band
• Stops: Yes.
• Default Values:
  • EmaPeriod = 20
  • KeltnerMultiplier = 2m
  • AtrPeriod = 14
  • WilliamsRPeriod = 14
  • WilliamsROversold = -80
  • WilliamsROverbought = -20
  • StopLossPercent = 2 The bands are the EmaPeriod EMA plus and minus KeltnerMultiplier times the AtrPeriod ATR, and the middle band is the EMA itself. -80 and -20 are the defaults of the Williams %R levels the rules quote. The stop is a fixed StopLossPercent of the entry price, watched between candles as well. An entry signal against an open position reverses it.
  • CandleType = TimeSpan.FromMinutes(5)
• Filters:
  • Category: Mixed
  • Direction: Both
  • Indicators: Keltner Williams R
  • Stops: Yes
  • Complexity: Intermediate
  • Timeframe: Intraday
  • Seasonality: No
  • Neural networks: No
  • Divergence: No
  • Risk Level: Medium