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Syntax

public RWIHigh(Bars ds, int minperiod, int maxperiod, string description)
public static RWIHigh Series(Bars ds, int minperiod, int maxperiod)
public static double Value(int bar, Bars ds, int minperiod, int maxperiod)

Parameter Description

Bars The symbol's Bars object
minperiod Minimum period
maxperiod Maximum period

Description

The Random Walk Index High/Low was presented in Technical Analysis of Stocks & Commodities magazine by Michael Poulos (see TASC, January 1992 and September 1992).

Interpretation

Short Term RWI uses minperiod = 2 and maxperiod = 7
Long Term RWI uses minperiod = 8 and maxperiod = 64


  • Long Term RWI of Lows above 1 indicates a sustainable down trend
  • Long Term RWI of Highs above 1 indicates a sustainable up trend
  • Short Term RWI of Lows peaking above 1 indicates a price peak
  • Short Term RWI of Highs peaking above 1 indicates a price trough


    Enter long or cover when Long Term RWI of Highs is above 1 and Short Term RWI of Lows peaks above 1

    Enter short or sell when Long Term RWI of Lows is above 1 and Short Term RWI of Highs peaks above 1

Example

 

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