fxcodebase-backup
Random Walk Index
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=20875
Forum: 38 · Topic 20875 · 4 post(s)
Random Walk Index
Alexander.Gettinger · Thu Jul 05, 2012 4:52 pm
Original indicator: viewtopic.php?f=17&t=1166
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.
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Re: Random Walk Index
durlovjagiroad · Sun Mar 15, 2020 2:39 pm
need RWI with multi-timeframe
Re: Random Walk Index
Apprentice · Mon Mar 16, 2020 5:13 am
Your request is added to the development list. Development reference 871.
Re: Random Walk Index
Apprentice · Tue Mar 17, 2020 1:04 pm
Try this version.