(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.