Random Walk Index – JMA Smoothed – indicator MetaTrader 5

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

Open Random Charts – script MetaTrader 5

Open Random Charts - script for MetaTrader 5
– This script opens randomly selected charts and applies user-defined template. [INPUTS] Timeframe: chart timeframe. Template: chart template. Spread Filter: only open symbols having spread below this. Chart Count: maximum chart count to be opened. [LIMITATIONS] only tradeable forex instruments will get selected. only symbols having spread below specified will be selected. lack of such … Read more

Random walk index – indicator MetaTrader 5

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