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MetaStock
Indicator - Random
Walk Index
rev. 01/06/97
The following
formulas, for the Random Walk Index, were
constructed using information from the article "Are
There Persistent Cycles", by E. Michael
Poulos, in the September 1992 TASC.
All formulas are
needed.
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MetaStock
Windows versions:
Random Walk
Index:
| Max(
( Ref(HIGH,-1) - LOW ) / ( ( Ref(Sum (Atr
( 1 ) ,2 ),-1) / 2) * Sqrt( 2 ) ) ,Max(
(Ref(HIGH,-2) -LOW) / ( ( Ref(Sum (Atr (
1 ),3),-1) / 3) * Sqrt( 3 ) ), Max( (Ref(HIGH,-3)
- LOW) / ( (Ref(Sum (Atr( 1 ) ,4) ,-1) /
4) * Sqrt( 4 ) ) , Max( ( Ref( HIGH,-4)
- LOW) / ( (Ref(Sum(Atr( 1 ),5),-1) / 5)
* Sqrt( 5 ) ), Max( (Ref(HIGH,-5) - LOW)
/ ( (Ref( Sum( Atr ( 1 ),6),-1) / 6 ) *
Sqrt( 6 ) ), Max( ( Ref(HIGH,-6) -LOW) /
( (Ref( Sum( Atr( 1 ),7),-1) / 7) * Sqrt(
7 ) ), Max((Ref(HIGH,-7)-LOW) / ( (Ref(Sum
(Atr( 1 ),8),-1) / 8) * Sqrt(8) ), (Ref(HIGH,-8)-LOW)
/ ( (Ref(Sum (Atr (1),9),-1) / 9) * Sqrt(
9 ) ) ) ) ) ) ) ) ) |
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