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