RWi & RVI

• 01/16/2020 at 2:44 PM #116988
  Erem

  Hi, do you have RWI (Random Walk Index) by E. M. Poulos and RVI (Relative Volatility Index) by D. Dorsey please?

  Thanks in advance, best

  Erem

  

  Erem

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  01/16/2020 at 5:11 PM #117001
  robertogozzi

  As to RWI I think this should be the correct interpretation of its formula (give me some feedback):

  Random Walk Index (RWI)

  // Random Walk Index (RWI) // // https://tradingsim.com/blog/random-walk-index/ // https://www.investopedia.com/terms/r/random-walk-index.asp // http://www.traderpedia.it/wiki/index.php/Formula_Random_Walk_Index // https://rtmath.net/helpFinAnalysis/html/934563a8-9171-42d2-8444-486691234b1d.htm // //p = 10 //number of periods RWIhi = 0 RWIlo = 0 FOR n = 1 TO p DO ATRdiv = AverageTrueRange[n](close[1]) * sqrt(n) // RWIhiX = (high - low[n]) / ATRdiv RWIhi = max(RWIhiX,RWIhi) // RWIloX = (high[n] - low) / ATRdiv RWIlo = max(RWIloX,RWIlo) NEXT RETURN RWIhi AS "RwiHIGH",RWIlo AS "RwiLOW"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

  // Random Walk Index (RWI) // // https://tradingsim.com/blog/random-walk-index/ // https://www.investopedia.com/terms/r/random-walk-index.asp // http://www.traderpedia.it/wiki/index.php/Formula_Random_Walk_Index // https://rtmath.net/helpFinAnalysis/html/934563a8-9171-42d2-8444-486691234b1d.htm // //p    = 10       //number of periods RWIhi  = 0 RWIlo  = 0 FOR n = 1 TO p DO    ATRdiv = AverageTrueRange[n](close[1]) * sqrt(n)    //    RWIhiX = (high - low[n]) / ATRdiv    RWIhi  = max(RWIhiX,RWIhi)    //    RWIloX = (high[n] - low) / ATRdiv    RWIlo  = max(RWIloX,RWIlo) NEXT RETURN RWIhi AS "RwiHIGH",RWIlo AS "RwiLOW"

  As to RVI, I found this one here https://www.prorealcode.com/prorealtime-indicators/builderrvi/, do you think it’s the one you are looking for?

  

  robertogozzi

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  04/16/2021 at 2:36 PM #167261
  robertogozzi

  I just realized that the RWI formula above is incorrect, you will find the correct one at https://www.prorealcode.com/topic/rwi-random-walk-index/.

   

  

  robertogozzi

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  04/20/2022 at 3:41 PM #191974
  Erem

  Hi Roberto, I checked and the one above is correct not the last one you refer to. Shall I elaborate?

  

  Erem

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  04/20/2022 at 5:18 PM #191981
  robertogozzi

  No, thanks. I must have overlooked some details.

   

  

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  04/20/2022 at 10:27 PM #191994
  Erem

  Any way it misses ,1 at the end as well. I’ve added it below to make ik complete.

  // Random Walk Index (RWI) // // https://tradingsim.com/blog/random-walk-index/ // https://www.investopedia.com/terms/r/random-walk-index.asp // http://www.traderpedia.it/wiki/index.php/Formula_Random_Walk_Index // https://rtmath.net/helpFinAnalysis/html/934563a8-9171-42d2-8444-486691234b1d.htm // //p = 10 //number of periods RWIhi = 0 RWIlo = 0 FOR n = 1 TO p DO ATRdiv = AverageTrueRange[n](close[1]) * sqrt(n) // RWIhiX = (high - low[n]) / ATRdiv RWIhi = max(RWIhiX,RWIhi) // RWIloX = (high[n] - low) / ATRdiv RWIlo = max(RWIloX,RWIlo) NEXT RETURN RWIhi AS "RwiHIGH",RWIlo AS "RwiLOW",1

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

  // Random Walk Index (RWI) // // https://tradingsim.com/blog/random-walk-index/ // https://www.investopedia.com/terms/r/random-walk-index.asp // http://www.traderpedia.it/wiki/index.php/Formula_Random_Walk_Index // https://rtmath.net/helpFinAnalysis/html/934563a8-9171-42d2-8444-486691234b1d.htm // //p    = 10       //number of periods RWIhi  = 0 RWIlo  = 0 FOR n = 1 TO p DO    ATRdiv = AverageTrueRange[n](close[1]) * sqrt(n)    //    RWIhiX = (high - low[n]) / ATRdiv    RWIhi  = max(RWIhiX,RWIhi)    //    RWIloX = (high[n] - low) / ATRdiv    RWIlo  = max(RWIloX,RWIlo) NEXT RETURN RWIhi AS "RwiHIGH",RWIlo AS "RwiLOW",1

   

  

  Erem

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  04/20/2022 at 10:28 PM #191995
  Erem

  Thanks for your quick replies, till next time.

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  robertogozzi

  

  Erem

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