Random Walk Indicator

Modified on Wed, 19 Jul 2023 at 05:16 PM

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:


Period - setting of indicator calculation period.

- 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.

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