The Williams R Momentum strategy is built around Williams %R with Momentum filter.
Signals trigger when Williams confirms momentum shifts on intraday (5m) data. This makes the method suitable for active traders.
Stops rely on ATR multiples and factors like WilliamsRPeriod, MomentumPeriod. Adjust these defaults to balance risk and reward.
Entry Criteria: see implementation for indicator conditions.
Long/Short: Both directions.
Exit Criteria: opposite signal or stop logic.
Stops: Yes, using indicator-based calculations.
Default Values:
WilliamsRPeriod = 14
MomentumPeriod = 14
WilliamsROversold = -80m
WilliamsROverbought = -20m
CandleType = TimeSpan.FromMinutes(5).TimeFrame()
[*]Filters:
Category: Trend following
Direction: Both
Indicators: Williams, R
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday (5m)
Seasonality: No
Neural Networks: No
Divergence: No
Risk Level: Medium