Summary
This is Tushar Chande's RAVI Indicator (Part I) from his book "Beyond Technical Analysis"
Screen Shots
Usage
Chandes RAVI indicator is a great trending indicator for stocks and equities. Tushar Chande describes a 3% line, that if the indicator crosses over this line, it is considered trending, either in a bullish or a bearish manner. The RAVI indicator doesn't know the direction of the trend (as is common of most trending indicators), but can tell you that it is a trend. I've found that for Forex and Currencies, 3% is too high, so I've added an input variable to the RAVI Indicator so that you can change the percentage value. I've found 1 1/2 - 2 % to be very good indicator values for the RAVI.
Downloads
Chandes RAVI Indicator (ELD and Workspace)
Happy Trading!
Tags: R, RAVI (Part I), Tushar Chande
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[...] Internet Home Businesses Blog wrote an interesting post today onHere’s a quick excerptSummary This is Tushar Chande’s RAVI Indicator (Part I) from his book “Beyond Technical Analysis” Screen Shots Usage Chandes RAVI indicator is a great trending indicator for stocks and equities. Tushar Chande describes a 3% line, that if the indicator crosses over this line, it is considered trending, either in a bullish or a […] [...]
[...] Original post by » Free Indicator Downloads - TradeStation, MetaStock, NinjaTrader - Easy to Use [...]
[...] Original post by » Free Indicator Downloads - TradeStation, MetaStock, NinjaTrader - Easy to Use [...]
[...] Original post by » Free Indicator Downloads - TradeStation, MetaStock, NinjaTrader - Easy to Use [...]
[...] Original post by » Free Indicator Downloads - TradeStation, MetaStock, NinjaTrader - Easy to Use [...]