RWIHigh

Modified on 2008/04/10 17:32 by Administrator — Categorized as: TASCIndicators

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

RWIHigh

Syntax

Parameter Description

Description

Interpretation

Example