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Statistical Methods for Trend Detection: The Runs Test of Randomness indicator

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RunsTest_v1.0 600+ indicator was created for Premium Trading Forum. The Runs Test of Randomness(or Wald–Wolfowitz runs test or simply Runs Test) is the well-known statistical method to know the randomness in data. This is the RunsTest indicator for Metatrader 4 which can show the Z-score (ShowZscore=true) itself and the Runs with N+ and N- and the confidence levels (ShowZscore=true).

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