Random Walk Indicator

Random Walk Index (RWI) helps to identify whether a price fluctuation is random or it is a part of a big trend. Random Walk Index is a combination of two lines: red, which shows the downtrend strength, and green, which corresponds to the uptrend strength.

The indicator view in the chart.

The indicator has the following parameters:

Settings

Period - setting of indicator calculation period.

Drawing
Panel - selection of the indicator location in the chart:

• New panel
• Chart

Lowest, Highest

Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.