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Random Walk Index
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1166
Forum: 17 · Topic 1166 · 9 post(s)
Random Walk Index
Apprentice · Thu May 27, 2010 5:46 am
Random Walk Index.png
Random Walk Index (RWI) determines if a security is is trending (uptrend or downtrend) or is in a random trading range..
The random walk index (RWI) is a technical indicator that attempts to determine if a stock’s price movement is random or nature or a result of a statistically significant trend.
RANDOM WALK INDEX FORMULA High = MAX((High - Low(n)) / (ATR(n) * SQRT(n))) Low = MAX((High(n) - Low) / (ATR(n) * SQRT(n)))
The random walk index (RWI) by E. Michael Poulos is a measure of how much price ranges over N days differ from what would be expected by a random walk (randomly going up and down). A bigger than expected range suggests a trend.
The indicator was revised and updated
Re: Random Walk Index
boursicoton · Thu May 27, 2010 6:33 am
thanks for your velocity !
Re: Random Walk Index
Apprentice · Thu May 27, 2010 6:44 am
I found 4 different versions of this indicator. So i need to do a little research, before i decide wich will be the final version.
Re: Random Walk Index
Alexander.Gettinger · Thu Jul 05, 2012 4:53 pm
MQL4 version of Random Walk Index: viewtopic.php?f=38&t=20875
Re: Random Walk Index
Surasit · Thu Jul 26, 2012 9:19 am
Dear Sir, May I requested the strategy for RWI? Please. I would like to set the alert whenever the line cross. Thanks Best regards
Re: Random Walk Index
jackfx09 · Mon Jul 30, 2012 5:41 am
Great Indicator!
Can we please request a MTF, MCP Random Walk Index HEATMAP with the same cooling based on signal crosses. Red over green, green over red after price CLOSE.
thanks!
sjc
Re: Random Walk Index
Apprentice · Wed Oct 03, 2012 5:17 pm
Updated. Will write MTF, MCP Random Walk Index HEATMAP + RWI Strategy Tomorrow or earlier.
Re: Random Walk Index
Apprentice · Thu Oct 04, 2012 1:18 am
MTF, MCP Random Walk Index HEATMAP Can be found here. viewtopic.php?f=17&t=24056
RWI Strategy Can be found here. viewtopic.php?f=31&t=24057&p=41390#p41390
Re: Random Walk Index
Apprentice · Thu Apr 13, 2017 7:54 am
Indicator was revised and updated.