PROTECTED SOURCE SCRIPT
Smoothed RWI(Random Walk Index)
Actualizado
Smoothed Random Walk Index.
It gives slightly slower but less false signal than stochastic.
If it draws double bottom with higher low, long entry is considered.
If it draws double with lower high, short entry is considered.
For more accuracy, another smoothed RWI with slower setting is needed.
If fast setting RWI draws lower high AND slower setting RWI is also going down(red color),
short entry is considered with more confidence.
It gives slightly slower but less false signal than stochastic.
If it draws double bottom with higher low, long entry is considered.
If it draws double with lower high, short entry is considered.
For more accuracy, another smoothed RWI with slower setting is needed.
If fast setting RWI draws lower high AND slower setting RWI is also going down(red color),
short entry is considered with more confidence.
Notas de prensa
Updated:Converted to Pinescript V4.
Background color option for overbought and oversold zone.
Center line is visible as default.
Notas de prensa
Upper, Lower line can be visible by adjusting opacity option in Style tab.Notas de prensa
There was an issue with Pinescript V4 so I uploaded the V3 again.
DONATE/TIP
BTC: 1NweLUnFJq2kJcujN1XbhoxNRSTc7nSVU
BTC: 1NweLUnFJq2kJcujN1XbhoxNRSTc7nSVU
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.