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#1 Selling Amibroker Plugin featuring:
RWI with Bull vs Bear Warning for Amibroker (AFL)
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. 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 it differs from what would be expected by a random walk (randomly going up or down). The greater the range suggests a stronger trend. The RWI states that the shortest distance between two points is a straight line and the further prices stray from a straight line, implies the market is choppy and random in nature.
Screenshots
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 | _SECTION_BEGIN("RWIHI");minperiods = Param( "Min Periods", 9, 1, 200, 1 );maxperiods = Param( "Max Periods", 40, 1, 200, 1 );Plot( RWIHi( minperiods, maxperiods) , _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );_SECTION_END();_SECTION_BEGIN("RWILO");minperiods = Param( "Min Periods", 9, 1, 200, 1 );maxperiods = Param( "Max Periods", 40, 1, 200, 1 );Plot( RWILo( minperiods, maxperiods) , _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );_SECTION_END();_SECTION_BEGIN("Line");Line = Param( "Line", 1 );Plot( Line, "Line", colorRed, styleThick | styleDashed | styleNoLabel );_SECTION_END();_SECTION_BEGIN("RWI System");Sell = Cross( Line, RWIHi( minperiods, maxperiods));Buy = Cross( RWILo( minperiods, maxperiods), Line);for( i = 0; i < BarCount; i++ ) { if( Buy[i] ) PlotText( "Bull vs Bear" , i, 1,colorLavender); if( Sell[i] ) PlotText( "Bull vs Bear" , i, 1, colorLavender);}_SECTION_END(); |
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