Williams %R Early Entry

This strategy is based on an absolute values of Williams %R. Typically when Williams %R reaches level of -20 it is considered that a security is overbought and when Williams %R is hitting -80 it is considered that a security is oversold. The current strategy does the following : it generates a buy signal when Williams %R is falling below a set limit a (a = - 80 in the example) and is generating a sell signal when Williams %R reaches a sell limit b (b = - 20 in the example)

Formula

IF W(n) > v
THEN GO SHORT
ELSE
IF W(n)< w
THEN GO LONG
where W is Williams %R;
n - periods
and v > w; e.g. v = 80 and w = 20

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