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