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Random Walk Index by E. Michael Poulos
rev. 01/06/97

The following formulas, for the Random Walk Index, were constructed using information from the article "Are There PersistentCycles", by E. Michael Poulos, in the September 1992 TASC.

Random Walk Index

Max((Ref(HIGH,-1) - LOW) / ((Ref(Sum(ATR(1),2),-1) / 2) * Sqrt(2)),
Max((Ref(HIGH,-2) - LOW) / ((Ref(Sum(ATR(1),3),-1) / 3) * Sqrt(3)),
Max((Ref(HIGH,-3) - LOW) / ((Ref(Sum(ATR(1),4),-1) / 4) * Sqrt(4)),
Max((Ref(HIGH,-4) - LOW) / ((Ref(Sum(ATR(1),5),-1) / 5) * Sqrt(5)),
Max((Ref(HIGH,-5) - LOW) / ((Ref(Sum(ATR(1),6),-1) / 6) * Sqrt(6)),
Max((Ref(HIGH,-6) - LOW) / ((Ref(Sum(ATR(1),7),-1) / 7) * Sqrt(7)),
Max((Ref(HIGH,-7) - LOW) / ((Ref(Sum(ATR(1),8),-1) / 8) * Sqrt(8)),
(Ref(HIGH,-8) - LOW) / ((Ref(Sum(ATR(1),9),-1) / 9) * Sqrt(9)) )) )) )) )


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