RWi & RVI

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • 01/16/2020 at 2:44 PM #116988 quote
    Erem
    Participant
    New

    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

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

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

    // 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?

    Random-Walk-Index-RWI.itf x-7.jpg x-7.jpg
    04/16/2021 at 2:36 PM #167261 quote
    robertogozzi
    Moderator
    Master

    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/.

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

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

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

    No, thanks. I must have overlooked some details.

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

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

    Thanks for your quick replies, till next time.

    robertogozzi thanked this post
  • Author
    Posts
Viewing 7 posts - 1 through 7 (of 7 total)
  • You must be logged in to reply to this topic.

RWi & RVI


ProBuilder: Indicators & Custom Tools

New Reply
Author
author-avatar
Erem @erem Participant
Summary

This topic contains 6 replies,
has 2 voices, and was last updated by Erem
3 years, 9 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 01/16/2020
Status: Active
Attachments: 2 files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™