Giga Kaleidoscope GKD-C Jurik-Filtered Random Walk Index is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the...
It is a highly optimized script for H4, D1. Backtests from (2016 - 2019, depending on the currency pair). Optimization still
going on.
Following alerts can be activated:
-
Buy-Signal (Baseline-Cross)!
Sell-Signal (Baseline-Cross)!
Buy Signal (Aroon)!
Sell Signal (Aroon)!
Buy Signal (DMI)!
Sell Signal (DMI)!
Buy Signal (RWI)!
Sell Signal (RWI)!
...
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...
This script shows the average count of 'up bars' vs. 'down bars'. It is intended for statistic and probability purposes only. It does not include high or low price in the calculation - only the open and close prices are used.
Under settings, click "show difference" to see the difference between the two averages. This can also be called positive/negative drift....
Understanding the Random Walk Simulation
This indicator randomly generates alternative price outcomes derived from the price movements of the underlying security. Monte Carlo methods rely on repeated random sampling to create a data set that has the same characteristics as the sample source, representing examples of alternate outcomes. The data set created using...
Understanding the Monte Carlo Simulation
This indicator uses Monte Carlo methods to predict the future price of a security using 200 random walks.
Monte Carlo methods rely on repeated random sampling to create a data set that has the same characteristics as the sample source, representing examples of alternate possible outcomes. The data set created using...
Several tests of market efficiency have been developed over the years. The very first test, constructed by Louis Bachelier in 1900, measured the probability of a number of consecutively positive or consecutively negative price changes, or “runs.”
The randomness of runs is rejected with 95 percent statistical confidence whenever the plotted value is greater than 0....
Random Walk Index indicator script. This indicator was originally developed by Michael Poulos.
As you can see, the result is very similar to the Vortex Indicator (was developed by Etienne Botes and Douglas Siepman).
![BTCUSDT: GKD-C Jurik-Filtered Random Walk Index [Loxx]](https://s3.tradingview.com/n/NQghrumt_mid.png "GKD-C Jurik-Filtered Random Walk Index [Loxx]")
![BTCUSD: [GU]Shadow_RWI_v1.1](https://s3.tradingview.com/q/QkwQablX_mid.png "[GU]Shadow_RWI_v1.1")
