Random

(Be careful if used for trading)

Abbreviation:
Category: Statistical

Input Parameters:

Name Range Default
Minimum Value Real 0
Maximum Value Real 1

 
Calculation:

Uses number generator.

 
Discussion:

Provides a random number between the Minimum and Maximum values. This may be useful in determining the usefulness of a prediction, trading strategy, or indicator by comparing the results to a random value.

Note that this indicator is labled with “(Be careful if used for trading) because this indicator will change values when refreshed (loading a chart, adding data, etc.). If this indicator is used in a Trading Strategy or Prediction, every refresh of the chart will cause the Trading Strategy or Prediction to need rebacktesting or retraining.
 

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