Williams %R Cross Entries Filtered by a 200-Period Moving Average

Summary

This script combines Williams %R threshold crosses with a 200-period simple moving average filter. It enters long when Williams %R crosses above a level offset from −50 and the close is above the average; it enters short when the oscillator crosses below its corresponding offset and the close is below the average. User inputs also set the oscillator lookback, threshold offset, and take-profit and stop-loss distances. Positions are closed when the close reaches either stated price level.

The supplied material describes the rules but gives no market, timeframe, backtest configuration, or measured performance. Its pip-distance conversion divides the input amount by the instrument’s minimum tick, so the meaning and scale of the exits may depend on the instrument and platform conventions. The strategy also does not explain how it handles repeated entry signals or whether the moving-average filter adapts to different market conditions. These details require review before interpreting results or applying the method.

Key ideas

• Williams %R crosses around the −50 region provide the entry triggers.
• The 200-period simple moving average filters longs to prices above it and shorts to prices below it.
• User inputs control the oscillator period, cross offset, and stated profit and loss distances.
• Exit levels are based on the average position price and instrument tick settings.
• The document supplies no backtest evidence or market-specific context.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.