Chandes RAVI Indicator (Part II)

Saturday 5 July 2008 @ 2:29 pm

Summary

This is a part II of Tushar Chande's RAVI indicator from his book "Beyond Technical Analysis"

Screen Shots

Usage

Tushar Chandes RAVI Indicator (Part II) gives remarkable results, yet very similar to his RAVI Indicator (Part I). As with the Part I version of his RAVI Indicator, I felt the need to modify the threshold to something different from 3%.

Downloads

Chandes RAVI (Part II) (ELD and Workspace)

Happy Trading!

Chande’s RAVI Indicator - Part I

Saturday 5 July 2008 @ 1:07 pm

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.