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OPEN-SOURCE SCRIPT

[RS]Random Walk Index

By RicardoSantos
Wizard
Updated
As described here: technicalindicators.net/indicators-technical-analysis/168-rwi-random-walk-index
Release Notes
Added a modification made by 420snoop to add signal when lines cross including on the bar colors, and alert labels.
Oscillators

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 publication is governed by House rules. You can favorite it to use it on a chart.

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