Williams %R Late 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 rising above a set limit a (a = - 80 in the example) and is generating a sell signal when Williams %R falls below a sell limit b (b = - 20 in the example)

Formula

IF Williams(t-1) > v >= Williams(t)
THEN GO SHORT
ELSE
IF Williams(t-1) < w <= Williams(t)
THEN GO LONG
AND C(t)-BUY_PR<-BUY_PR*p/100 THEN SELL
and v > w; e.g. v = -10,w = -90,
C(t) - closing price; p - percentage loss
BUY_PR last buying price;

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