Chande's RAVI II by Tushar Chande Tradestation Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: An implementation of Chande's RAVI. As you know, the idea is that when RAVI is above the threshold value, we are in a trend, but it doesn't say which way.

Type : Function, Name : RAVI 

input: 
price(numericseries),
fast(numericsimple),
slow(numericsimple);

value1=average(price,fast);
value2=average(price,slow);
RAVI = absvalue(100*(value1-value2)/value2);

 
 
 

Type : Indicator, Name : Chande's RAVI II 

input: 
price(C),
threshold(3),
fast(5),
slow(65);

plot1(RAVI(price,fast,slow),"RAVI");
plot2(threshold,"threshold");

Author/Source: Tushar Chande

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