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Range Action Verification Index

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The Range Action Verification Index or RAVI as it is commonly known is a trend detection indicator. When RAVI is greater than 1% for longs and -1% for shorts (FX setting), the currency is in a trend. The standard MA settings are 7 and 65 days for use on the daily chart, which are the cycles of 7 days and 3 months. For trading the hourly charts the moving averages should be set to 24 and 120 with a threshold of 3%. RAVI also keeps you out of a trend less market, so if the RAVI does not break above or below the set threshold, the market is trend less.

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momentumstrategyRAVISimple Moving Average (SMA)trendtrendbreaktrendtradertrendtrading

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

TRADER-RI
Time is the only true currency...how will you spend yours and what value will you receive?
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.