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- Published:
- 2014.06.11 11:11
- Updated:
- 2023.03.29 13:47
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Real author:
Ramdass
The Random Walk Index indicator is used in situations where it is necessary to determine whether the market instrument is in a developing trend or performs random motion in a trading range.
This indicator tries to do it by defining a trading range of the market instrument first. The next step is to calculate a series of RWI indices for a maximum of the analyzed period. The greatest movement of the index relative to RW is used as the current index. The market develops an uptrend, if RWI of highs > 1, while the downtrend is when RWI of lows > 1.
This indicator was first implemented in MQL4 and published in CodeBase on 21.12.2006.
Figure 1. The RWI indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/6990
![ExMass_HTF](https://c.mql5.com/i/code/indicator.png)
The ExMass indicator with the timeframe selection option available in input parameters.
![ExMass](https://c.mql5.com/i/code/indicator.png)
The ExMass indicator helps to evaluate market fluctuations.
![RWI_HTF](https://c.mql5.com/i/code/indicator.png)
The RWI indicator with the timeframe selection option available in input parameters.
![CronexChaikin](https://c.mql5.com/i/code/indicator.png)
The MACD Indicator, in which the price series is replaced by the series of values of the Chaikin Oscillator technical indicator. It is drawn in the form of a colored cloud.