Nikko William Strategy

Welcome to Williams %R Strategy for Pine Script v6
Results may vary depending on the timeframe, asset, and configuration.

📘 Strategy Overview
This strategy is powered the Williams %R (pronounced "Williams Percent R") is a momentum oscillator developed by Larry Williams. It helps traders identify overbought and oversold conditions in the market — similar to the RSI, but inverted.

⚙️ Strategy Characteristics
This system is an experimental strategy and should be used with caution.

🛠️ Key Parameters
Bar Multiple:
Controls how frequently new positions are opened/closed in an uptrend/downtrend.
For example, setting this to 3 means the strategy will enter once every 3 bars during an uptrend, reducing overexposure and allowing better pyramid spacing.

Close All When Bearish:
When enabled, this forces the strategy to close all open positions as soon as the trend turns bearish. When disabled, it allows for pyramiding in both directions, depending on your risk tolerance.

Disclaimer:
This strategy is provided for educational and informational purposes only. Trading involves risk, and results may vary depending on configuration and market conditions. Always backtest thoroughly over a significant number of trades and monitor live performance carefully before considering any real trading. I am not offering financial advice.