XRAVI – indicator MetaTrader 5

RAVI (Range Action Verification Index) indicator
There is a quite useful indicator developed by Т. Chande which is called RAVI (Range Action Verification Index). The principle of its generation is different from the one used to build the ADX indicator. Chande suggested 13 week SMA as a basis of the RAVI indicator that represents quarter states (quarter – 3 months or