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BeST Chande RAVI

5
BeST_Chande RAVI (Range Action Verification Index) is an MT4 Indicator that is based on the corresponding indicator developed by Tushar Chande which is mainly based on market momentum while focuses on identifying ranging and trending markets.
By default RAVI is defined by the formula:  RAVI = Absolute value (100 x (SMA(7) – SMA(65)). Also by default there is an arbitrary reference level of 3% that means a market is ranging if the RAVI is less than 3%, or trending strongly if it is is greater than 3% (see about “Beyond Technical Analysis. How to Develop and Implement a Winning Trading System” by T.Chande).


Note
This choice of MAs lengths is also purely arbitrary and we can try any other LB Periods depending the FX pair and mainly the timeframe used. The same applies to the reference level of 3% we can use.


Inputs

== Basic Settings
  • Fast MA Settings (LB_Period,Method and Price)
  • Slow MA Settings (LB_Period,Method and Price)
== Levels Settings 
  • Percentage (%) Level for Filtering Trend (by default 3%) - for selecting the reference % Level
== Alert Settings - for controlling the use of all MT4 Alerts used when RAVI  breaks up the reference level.


Bewertungen 1
intan08
1386
intan08 2022.06.25 20:23 
 

Great, thanks!

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[ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analys
Gold Trend   - dies ist ein guter technischer Indikator für Aktien. Der Algorithmus des Indikators analysiert die Preisbewegung eines Vermögenswerts und spiegelt die Volatilität und mögliche Einstiegszonen wider. Die besten Indikatorsignale: - Für VERKAUFEN = rotes Histogramm + roter SHORT-Zeiger + gelber Signalpfeil in dieselbe Richtung. - Für KAUFEN = blaues Histogramm + blauer LONG-Zeiger + aquafarbener Signalpfeil in dieselbe Richtung. Vorteile des Indikators: 1. Der Indikator erzeugt
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Auswahl:
intan08
1386
intan08 2022.06.25 20:23 
 

Great, thanks!

Eleni Koulocheri
30910
Antwort vom Entwickler Eleni Koulocheri 2022.06.26 01:50
Hi intan08, Glad you like my indicator.
Thank you very much for your 5 stars! BeST Regards Eleni
Antwort auf eine Rezension
Version 1.10 2021.02.06
Improving internal functions for not interfering to other indicators on the chart