Indicator RAVI (Modification) – indicator MetaTrader 4
Two moving averages calculated in percents are used for the indicator. RAVI = 100*(SMA(7) – SMA(65)) / SMA(65)T. Chand recommends the following information lines for the indicator: plus/minus 0.3 percent or plus/minus 0.1% (depending on the market). When the indicator crosses the upper information line upwards it is assumed that the rising trend has begun. … Read more