RAVI Indicator for MetaTrader 4 – [TFlab] – Free Download – MT4/MT5 Resource
The RAVI indicator is one of the trend analysis tools provided on the MetaTrader 4 platform. Its main function is to detect structural changes in the market.
This oscillator operates based on the relative difference between the two simple moving averages (SMA) of different periods, calculated as a percentage relative to the price.
RAVI indicator table
The general specifications of the Range Action Verification Index (RAVI) indicator are shown in the table below.
| Indicator categories: | MT4 Oscillator Indicator Currency Strength MT4 Indicator Trading Aid MT4 Indicator |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Inverse MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Intraday MT4 Indicators |
| Trading Tools: | Stock Market MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
RAVI at a Glance
The Range Action Verification Index (RAVI) is plotted as a wavy line oscillating around the zero axis. This line reflects the strength and direction of the market trend, and its intersection with the zero level marks a phased transition from bullish to bearish or vice versa.
RAVI is in a bullish trend
On the 30-minute chart of the EUR/USD currency pair, when the RAVI signal line crosses the zero level from below to above, it signals the beginning of a new uptrend or the strengthening of an existing bullish trend.
In this case, if the price also breaks the resistance level or a reversal pattern is observed in the price action structure, this confirms the signal generated by the RAVI oscillator.
RAVI is in a bearish trend
The chart below shows the Gold Spot Price Index (XAU/USD) on a 1-minute time frame.
When the RAVI signal line crosses from above the zero line to below it, it indicates the end of the bullish trend and the beginning of the downtrend.
RAVI indicator settings
The RAVI indicator setting panel (range action verification indicator) is shown in the figure below:
- Period1 : First Period
- Period2 : Second Period
Conclusion
The RAVI indicator is a tool used to identify market trends, detect new movement phases and provide warnings. Overbought or oversold areas .
When the RAVI indicator is used as a confirmation tool with price action analysis and other technical indicators such as the RSI Indicator , MACD or Exponential Moving Average (EMA).
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