Drunk Man Walking - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources

According to Ron Davis' article "Random Walk Revealed", the original name for "random walk" was originally used by probability theorist and teacher William Feller, who was a "drunkard walk", so Ron Davis decided to use the original name, and regardless of the changes in this version of the calculation, we keep it here as well.

This is a version that uses a slightly different calculation and may be easier for traders to use (you can see the original Random Walk Index posted here: Random Walk Index and, obviously, it is quite difficult to trade with it). This version is changing the way calculations are done (but retaining their essence) To make it easier it shows colored lines and colored areas that identify current fashion trends

You can use a color change (which occurs at the intersection of two lines) as a signal

Attachment download

📎 drunkard_walk.mq5 (13.44 KB)

Source: MQL5 #22749