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Trend

Random Walk Index

Random Walk Index is a trend indicator. This page lists its exact settings and outputs from the live chart's own definition, with a live example below.

Open on live chart All indicators

Adds Random Walk Index to a free BTC/USDT chart.

Live example

Settings and defaults

SettingDefaultAllowed range
Period141 to 100

What it plots

Drawn in its own pane below the price chart, with its own scale.

LineUnitDrawn asFirst value
RWI HighRatioLineafter 15 candles
RWI LowRatioLineafter 15 candles

Calculation notes

  • Shows the largest high and low displacement ratios across lookbacks up to the selected period. Uses mean historical true range, excluding the current bar. Ratios above 1 do not guarantee a trend; zero ranges can leave values unavailable.

Questions

What are the default settings of Random Walk Index?

The defaults are Period: 14. You can change every setting on the live chart.

Can I use Random Walk Index for free on TraderAI?

Yes. Every indicator in the library can be added to the free live chart. The free plan keeps up to 2 indicators active at the same time; Pro lets you combine more on one chart.

Educational content. Indicators describe past prices; they do not predict future prices and are not investment advice.

Category
Trend
Drawn as
Drawn in its own pane below the price chart, with its own scale.
First value
after 15 candles
Formula version
traderai-zone-rwi-v1
Open on live chart

Free plan: up to 2 indicators active at the same time. Pro lets you combine more indicators on one chart.

See plans

Related indicators

  • Directional Movement Index (DMI/ADX)
  • Ichimoku
  • Average Directional Movement Index Rating
  • HT Trend/Cycle Mode
  • ATR Volatility Stop
  • Elder Impulse
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