Live example
Settings and defaults
| Setting | Default | Allowed range |
|---|---|---|
| Period | 14 | 1 to 100 |
What it plots
Drawn in its own pane below the price chart, with its own scale.
| Line | Unit | Drawn as | First value |
|---|---|---|---|
| RWI High | Ratio | Line | after 15 candles |
| RWI Low | Ratio | Line | after 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.