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Trending Walk Index [LuminoAlgo | Oscillators]
Trending Walk Index© is a technical analysis tool designed to identify trending behavior in asset prices, distinguishing between a trending market and random price movements. The TWI draws inspiration from the Random Walk Hypothesis but focuses on detecting time-series momentum, a concept introduced in financial literature to measure trend persistence.
The TWI evaluates whether recent price movements indicate a strong upward or downward trend by comparing price action to its historical volatility.
The TWI evaluates whether recent price movements indicate a strong upward or downward trend by comparing price action to its historical volatility.
Creating indicators for empowered trading! - LuminoAlgo
All content provided by Luminoalgo is for informational and educational purposes only. Past performance is not indicative of future results.
All content provided by Luminoalgo is for informational and educational purposes only. Past performance is not indicative of future results.
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