PROTECTED SOURCE SCRIPT
Random Walk Index
Random Walk Index upgraded to Pine Script version 4.
Determines whether price movements are random or in a trend.
If value is greater than 1 the trend is non-random, depending on if high(blue line) is above low(red line) bull or low is above high bear, determines direction.
Determines whether price movements are random or in a trend.
If value is greater than 1 the trend is non-random, depending on if high(blue line) is above low(red line) bull or low is above high bear, determines direction.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.