Verification

RAVI (Range Action Verification Index) – indicator MetaTrader 5

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Fig.1. The RAVI indicator
Real author: Unknown The indicator represents the relative convergence/divergence of the moving averages of the financial asset, increased a hundred times. It is based on a different principle than the ADX. Chande suggests a 13-week SMA as the basis for the indicator. It represents the quarterly (3 months = 65 working days) sentiments of the … Read more

Range Action Verification Index – extended – indicator MetaTrader 5

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Range Action Verification Index - extended - indicator for MetaTrader 5
Original definition : The Chande’s Range Action Verification Index (RAVI) indicator was developed by Tushar Chande. As the ADX indicator, the RAVI is used to identify whether a market or security is trending. The RAVI indicator is calculated using moving averages of different lengths. The first one is a short moving average with a lookback … Read more