Williams %R Scalping with Optional Trend and Market Filters
Summary
This scalping strategy centers on Williams %R, with a configurable moving-average filter and a Supertrend direction filter enabled by default. The inputs also allow optional choppiness, ADX, volume, and Bollinger Band width filters, giving the user ways to restrict signals according to market direction, trend strength, activity, or volatility. Position sizing is set as a share of equity, and the script includes a configurable commission assumption.
Stop-loss and take-profit controls are optional and use ATR-based multipliers when enabled. The excerpt lists the inputs but stops before the signal conditions, order logic, and exit implementation, so the precise Williams %R thresholds and how filters combine cannot be confirmed from this text. No strategy report or performance evidence is provided. It is best read as a configurable indicator-based scalping template whose behavior would need to be checked in the complete script and across suitable market data.
Key ideas
- Williams %R is the main oscillator in a configurable scalping template.
- A moving average and Supertrend can filter signals by price direction.
- Optional filters include choppiness, ADX, volume, and Bollinger Band width.
- ATR-based stop and target settings are available but disabled by default.
- The excerpt omits the trading rules and reports no performance results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.