OPEN-SOURCE SCRIPT
Updated Daily PercentR Strategy
The PercentR strategy from Larry Williams is highly profitable on the daily nasdaq chart
Buy at the open if PercentR Indicator is above –87 and below –20
Exit at the end of the day.
Buy at the open if PercentR Indicator is above –87 and below –20
Exit at the end of the day.
Release Notes
The PercentR strategy from Larry Williams is highly profitable on the daily Nasdaq chartBuy at the open if PercentR Indicator is below –87
Strategy has a trailing stop below the low of prior day or two days ago.
As you can see the strategy performs well in sideways and bullish market conditions, stepping down bearish market phases should be avoided.
Entering shorts or exiting longs in sideways conditions if Indicator value is above -17 is an option.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.