Williams Thrust: Dual Williams Percent Range Crossover Signals
Summary
Williams Thrust is a directional indicator that compares two Williams Percent Range readings, each calculated over a separately chosen lookback period. It also computes a moving average for each reading, with the averaging method and periods supplied as inputs. The indicator reports a buy state when both WPR values are above their respective averages and a sell state when both are below them; mixed readings produce a neutral state.
This description explains the signal rules and configurable inputs, but gives no evidence about performance, parameter selection, market suitability, or how to manage entries and exits. It should therefore be treated as an indicator definition rather than a complete trading strategy. Traders evaluating it would need to test its behavior with their own instruments, timeframes, costs, and risk controls.
Key ideas
- The indicator tracks two Williams Percent Range series with independently selected periods.
- Each WPR series is compared with its own moving average.
- A buy signal requires both WPR values to be above their averages, while a sell requires both to be below.
- Any mixed comparison produces a neutral reading, and the description provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.