walk

Nonparametric Zig Zag, Out of Price Walk – indicator MetaTrader 5

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Nonparametric Zig Zag, Out of Price Walk
Nonparametric zigzag. The monotonicity condition for the ascending segment of the zigzag: the High of any subsequent bar must not be lower than any Low of the ascending segment. Similarly, for the descending segments of the ZigZag. The ZigZag line (ZigZagLineBuffer) is plotted from the lowest High to the highest Low and vice versa. The … Read more

Random Walk Index – indicator MetaTrader 5

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Random walk index - indicator for MetaTrader 5
The Random Walk Index (RWI) is a technical indicator that attempts to determine if a stock’s price movement is of random nature or a result of a statistically significant trend. The Random Walk Index attempts to determine when the market is in a strong uptrend or downtrend by measuring price ranges over N and how … Read more

Random Walk Index – JMA Smoothed – indicator MetaTrader 5

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Random Walk Index - JMA Smoothed - indicator for MetaTrader 5
The Random Walk Index (RWI) is a technical indicator that attempts to determine if a stock’s price movement is of random nature or a result of a statistically significant trend. The Random Walk Index attempts to determine when the market is in a strong uptrend or downtrend by measuring price ranges over N and how … Read more

Drunkards walk – indicator MetaTrader 5

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Drunkards walk - indicator for MetaTrader 5
Theory : According to the article “Random Walk Revealed” by Ron Davis, the original name of what became known as the “Random walk” originally used by probability theorist and teacher William Feller was “Drunkard’s walk”, so Ron Davis decided to use the original name instead and we are keeping it here too regardless of the … Read more

Random walk index – indicator MetaTrader 5

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Random walk index - indicator for MetaTrader 5
General description : The random walk index was created by Michael Poulos in order to determine if a security’s current price action is exhibiting “random walk” or is the result of a statistically significant trend, higher or lower. The random walk index has two lines, a RWI High and RWI Low, which measure uptrend and downtrend strength. … Read more