Williams %R Forced Reversals with an ATR Slope Filter

Summary

This strategy uses Williams %R crossings to reverse between long and short positions. A long signal occurs when the oscillator crosses above −79 while five-period ATR is rising; a short signal occurs when it crosses below −21 while ATR is falling. Each signal closes the opposing position and opens a new one. The script uses a 60-period Williams %R by default and allocates 100% of equity per position.

The document describes the rules and says the approach is intended as a scalping tool on charts of 30 minutes or less, with currency pairs suggested as a suitable market. It provides no strategy tester results or other performance evidence, so those suitability claims are not demonstrated here. The strategy has no stop loss or take profit, and its default full-equity sizing makes risk controls and instrument-specific testing especially relevant before use.

Key ideas

• Long entries follow a Williams %R cross above −79 when five-period ATR is rising.
• Short entries follow a cross below −21 when ATR is falling.
• A new signal closes the opposite position and opens a position in the signal direction.
• The script has no stop loss or take profit, and the document provides no performance results.

Tags

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