This is a good one. I love the smoothed version but I must say, I really do like this one as it produces different but good signals (and dare I say, a tiny bit less lag)! What a nice experiment.Darks wrote: Fri Jan 01, 2021 10:13 pm Just a little experimental stuff. Here's a Random walk index indicator that is using absolute error instead of High low range to construct the index. The results are different but good or bad that would require testing. It produces some big spikes(maybe root squaring values can also prevent that) so a maximum level is set to prevent display issue. As said it's just an experiment an can be improved by mathematical thinkers.
Attaching the smoothed version (as posted by Mrtools) here for those who would like to use it.
