I am writing a part in my thesis about the random-walk theory of price changes. I plan to set up a runs test of randomness to show whether the price changes do follow a particular random pattern. I have computed the number of runs for each '+' or '-' movement, and the number of observations is 15,000 and shown that it is a normal distribution. I have read that this can be done using a one-tail test and I plan to use a significance level of 5%.
However, the library I am using to test this doesn't appear to be working properly. So my question is, what are the steps of conducting this test so I can show the calculations as they happen?
