PROTECTED SOURCE SCRIPT
Williams %R Swing Strategy [JoseMetal]
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ENGLISH
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- Description:
This strategy is a classic swing trading strategy for indices, stocks, and ETFs, using just one (plus one optional) indicator: the Williams %R.
It only operates on the BUY side and can execute multiple buys (DCA) if configured.
- Strategy:
It's super simple: BUY when a daily closing candle's Williams %R is < -90.
As mentioned in the description, multiple buys are allowed.
To exit a trade (sell everything), the daily closing candle's Williams %R must be > -30.
Optional exit: If the closing candle is higher than the previous day's high.
Optional filter: Price must be above a custom EMA to initiate a BUY.
- More options:
As usual in my strategy scripts, you can pick a date range for testing.
All indicator settings are custom: periods, levels, etc.
- Visuals:
The EMA will be blue when the price is ABOVE it and purple if the price is BELOW it.
Candles with Williams %R < -90 will be GREEN, and those with Williams %R > -30 will be RED.
The white line represents the average position price.
Again, ALL colors are also customizable.
- Usage and recommendations:
This strategy was developed for the DAILY timeframe, and is suitable for indices and stock ETFs.
As always, suggestions are welcome.
Enjoy!
ENGLISH
============
- Description:
This strategy is a classic swing trading strategy for indices, stocks, and ETFs, using just one (plus one optional) indicator: the Williams %R.
It only operates on the BUY side and can execute multiple buys (DCA) if configured.
- Strategy:
It's super simple: BUY when a daily closing candle's Williams %R is < -90.
As mentioned in the description, multiple buys are allowed.
To exit a trade (sell everything), the daily closing candle's Williams %R must be > -30.
Optional exit: If the closing candle is higher than the previous day's high.
Optional filter: Price must be above a custom EMA to initiate a BUY.
- More options:
As usual in my strategy scripts, you can pick a date range for testing.
All indicator settings are custom: periods, levels, etc.
- Visuals:
The EMA will be blue when the price is ABOVE it and purple if the price is BELOW it.
Candles with Williams %R < -90 will be GREEN, and those with Williams %R > -30 will be RED.
The white line represents the average position price.
Again, ALL colors are also customizable.
- Usage and recommendations:
This strategy was developed for the DAILY timeframe, and is suitable for indices and stock ETFs.
As always, suggestions are welcome.
Enjoy!
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.