Random Walk Index...in easylanguage?

[Shax]

Here is an article that explains well the characteristics of the indicator: Random Walk Index:

https://www.technicalindicators.net/indicators-technical-analysis/168-rwi-random-walk-index

and this is the original formula for the indicator, written by E. Michael Poulos:

If someone could translate it into easylanguage....

Thank you very much.

 

[Bad_Badness]

Should I do your laundry and wash your car too? Seriously, this is complex enough that if you cannot do it yourself, you will not be able to debug it.

 

[ph1l]

http://www.universal-cloud.com/tc4s-20191116--/141/tc4s-20191116-141733.html

It does not appear to be free.
http://www.universal-cloud.com/tc4s-20191116.html
Trading Courses For Sale (TC4S)

 

[SunTrader]

Beware cracked code. Who knows if it works, for how long and whether there is anything else in the file you don't want?

 

[SunTrader]

I did a search over on TradeStation forum and found numerous topics with code and whatnot.

Here is an image of one (think I would have formatted it as a line rather than dot myself):

 

[Shax]

Here's the formula:

// Random Walk Index

input:Len(14);

Vars:RWIH(0), RWIL(0), ERW(0);

ERW=AvgTrueRange(Len)*SquareRoot(Len);

if ERW <> 0 then Begin
RWIH = (High - Low[Len])/ERW;
RWIL = (High[Len] - Low)/ERW;
end;

Plot1(RWIH , "HRWI") ;
Plot2(RWIL , "LRWI") ;
Plot3(1) ;

 

[Shax]

Here you can download the formulas for Metastock of the Random Walk Index, with an article written by E. Michael Poulos:

https://www.mediafire.com/file/z3qp0tvjpmawmtv/Random_Walk_Index_for_Metastock.rar/file

 

[VSTscalper]

Here is the Random Walk Index - overlaid on the Daily NQ and YM - set at the Input value. I added the Lines.

NQ​

YM​