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JMOZ1337

Random Walk Index 1337

JMOZ1337  
Vortex Indicator (VI) Volatility Average True Range (ATR)
70
1
vortex volatility averagetruerange
A modification of the original Random Walk Index (RWI) script by everget, this one updates to version 4 and adds a threshold value and colouring.

If both high and low are below the default threshold of 1.0 the line chart will be coloured in grey.

Adjusting the length and threshold should allow you to see flat and choppy periods.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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