OPEN-SOURCE SCRIPT

Random Walk Index

Random Walk Index indicator script. This indicator was originally developed by Michael Poulos.

As you can see, the result is very similar to the Vortex Indicator (was developed by Etienne Botes and Douglas Siepman).
Average True Range (ATR)Centered OscillatorsRandom Walk Index (RWI)RWITrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


Freelance -> Telegram: @alex_everget

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