Uses the Random Walk script as a tool for predicting trend reversals instead of trend strength.
QuantMEX Walk Forward Simulation - RSI Simulation is one of the most powerful analytical techniques ever created. It is a crucial step in finding effective strategies. The purpose of this indicador is the walf-forward simulation method for the classic Relative Strength Index , adopting a systematic and orderly procedure designed to realistically test a...
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...