Recursive WMA Angle Strategy

Description: This strategy utilizes a recursive Weighted Moving Average (WMA) calculation to determine the trend direction and strength based on the slope (angle) of the curve. By calculating the angle of the smoothed moving average in degrees, the script filters out noise and aims to enter trades only during strong momentum phases.

How it Works:

Recursive WMA: The script calculates a series of nested WMAs (M1 to M5), creating a very smooth yet responsive curve.

Angle Calculation: It measures the rate of change of this curve over a user-defined lookback period and converts it into an angle (in degrees).

Entry Condition (Long): A long position is opened when the calculated angle exceeds the Min Angle for BUY threshold (default: 0.2), indicating a strong upward trend.

Exit Condition: The position is closed when the angle drops below the Min Angle for SELL threshold (default: -0.2), indicating a sharp trend reversal.

Settings:

MA Settings: Adjust the base lengths for the recursive calculation.

Angle Settings: Fine-tune the sensitivity by changing the Buy/Sell angle thresholds.

Date Filter: Restrict the backtest to a specific date range.

Note: This strategy is designed for Long-Only setups.