| Name: |
Random Walk Index |
| Description: |
For interpretation refer to TASC
magazine (September 1992), "Are There Persistent Cycles" by E. Michael
Poulos.
|
| Syntax: |
Max(((High(1) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
2), 1) / 2) * SquareRoot(2))), Max(((High(2) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
3), 1) / 3) * SquareRoot(3))), Max(((High(3) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
4), 1) / 4) * SquareRoot(4))), Max(((High(4) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
5), 1) / 5) * SquareRoot(5))), (Max((High(5) - Low(0))) / ((Lag(CummSum(AvgTrueRng(1),
6), 1) / 6) * SquareRoot(6))), Max(((High(6) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
7), 1) / 7) * SquareRoot(7))), Max(((High(7) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
8), 1) / 8) * SquareRoot(8))), ((High(8) - Low(0)) / ((Lag(CummSum(AvgTrueRng(1),
9), 1) / 9) * SquareRoot(9))))))))) |
| Function Name: |
RandomWalk() |
Download to import into Tradecision. 
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.
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