Random Walk Index (RWI)

[Doodah]

Omnitrader uses an indicator (or system) they call Random Walk Index. It is very helpfull in showing the trend as it fires a lot of signals. Would be nice to be able to use it in Esignal. If anyone knows how to code it would be great. Attached is the formula from Omnitrader.

The settings for RWI Periods for the non-optimized are;

Min RWI Periods: 7

Max RWI Periods: 45

[ckryza]

I put together a Random Walk Index script based on some Equis code. Link to script is:

http://share.esignal.com/groupconten...us&groupid=114

Chris