Range Action Verification Index (RAVI)

[Apprentice]

Range Action Verification Index (RAVI)

Range Action Verification Index (RAVI) indicator was developed by Tushar Chande.
RAVI is used to identify whether a security is trending.

The market is considered trending if the RAVI value is above, below 0.3 (0.1).

As soon as the indicator begins to turn back to the zero line, from peak, it is assumed that the trend has ended.

RAVI = 100*(SMA(7) - SMA(65)) / SMA(65)

RAVI.lua

Range Action Verification Index (RAVI)

(2.59 KiB) Downloaded 1561 times

The indicator was revised and updated

[Apprentice]

RAVI ABS

RAVI = ABS ( 100*(SMA(14) - SMA(24)) / SMA(24))

RAVI ABS.lua

RAVI ABS

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The indicator was revised and updated

[Apprentice]

Indicator was revised and updated.