RAVI

The RAVI indicator (Range Action Verification Index) is a daily timeframe trend indicator developed by Tushar Chande. The RAVI is calculated using “ Moving Average ” of different lengths . The first is a short “Moving Average”, following the directions of the inventor with a period of 7 bars. The second is a long “Moving Average”, following the indications of the inventor with a period of 65 bars. The market is to be considered in trend if the RAVI value is greater than 0 for a bullish trend, less than 0 in the event of a bearish trend. Otherwise, the market is consolidating.