RAVI MetaTrader 4 Forex Indicator
2 moving standards calculated in percents are used for the indication.
RAVI = 100 *( SMA( 7) - SMA( 65 ))/ SMA( 65 )
recommends the complying with details lines for the indicator: plus/minus 0.3 percent or plus/minus 0.1% (relying on the market). When the indication crosses the upper info line upwards it is assumed that the increasing trend has started. When the indicator goes across the reduced info line it is presumed that the descending pattern has started. The trend is said to be proceeding as long as the RAVI line remains to rise. The descending fad is when the RAVI continues to reduce, alike. As quickly as the sign starts to reverse to the zero line it is thought that the trend has ended as well as the channel has actually started. But if the sign turns back again without passing the variety in between the details lines it is assumed that the fad has actually renewed.
The suggested indicator itself is easy as well as it is almost identical to the Cost Oscillator as well as the MACD. The distinct is the usage of the exponent of conergence-divergence of the price as a fad reminder, drawing attention to the aberration and not the cross way of the moving averages.
In this modification the regions of the bullish fad are marked with the green shade, as well as the areas of the bearish trend are red. The regions without fad or the uncertain regions are grey. The colors can be changed at individual's will.
RAVI MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
RAVI - it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install RAVI indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4
Copy RAVI to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on MT4 indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 4.mq4 is available on your Chart
How to remove MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
Select the Indicator and delete.
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