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Well, I'll try again -
<A
href="">http://www.paritech.com/education/technical/indicators/momentum/random.asp
loul
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----- Original Message -----
<DIV
>From:
Richard
Alford
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Monday, July 01, 2002 5:48 PM
Subject: [amibroker] RWI - Random Walk
Index
Ran across the AB functions RWI(min,max) etc. and I have
been unable tolocate a mathematical description or motivation (or
intelligible code).Apparently, RWI was presented by Michael Poulos in
the Jan 92, TASC: RandomWalk was defined in Technical Analysis Of Stocks
and Commodities by MichaelPoulos (see TASC, January 1992 and September
1992). Random Walk calculateshow much price should move over a given
period if its movement were purelyrandom. When price moves past this
level, it can be assumed to be trendingin that direction and the system
will issue a signal. The maximum look-backperiod for Random Walk is
optimizable in this system. An excellent system.Sounds interesting,
however, I cannot ferret out the significance of themin/max
parameters. BTW I can locate several metastock listings, and aneasy
language listing - neither help me much.Can anyone suggest a
reference?Cheers,RichardYour
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