Chande Range Action Verification Index - Reliable Software

Home Products Falcon7 Trend7 @Risk TradeGenie Customers Request For Training Suggestions / Complaints Downloads Remote Support Falcon7 Daily Files Intra Files Full Set Trend7 Daily Full Set Falcon Daily Files Intra Files Setup Trend Daily Files Miscellaneous Files @Risk Risk Masters Currency Span F&O Span Files Miscellaneous Files New Risk Miscellaneous Product Setups Market Indicator Help Holiday Calendar Interesting Stocks/ Commodities Blogs Careers Sitemap About Us Contact Us
Category: Directional Movement	Sales and Support: 022 - 4091 8900
	Study Name - Chande Range Action Verification Index

Description

As the name suggests, this indicator was developed by Tushar Chande
Chande Range Action Verification Index is the percentage change of the fast w.r.t the slow average line

Interpretation

It is a trend showing indicator and shows bullish and bearish trends
The market is considered trending if the RAVI value is above 3
The market is consolidating, if the RAVI value is below

Default Parameters Used/Inputs

Close Line
Period 1
Period 2

Returns/Output

Range Action Verification Index of the stock

Formula

ChandeRAVI[X]=100*abs([SMA(I[X],Prd1)-SMA(I[X],Prd2)] / [SMA(I[X],Prd2)])
SMA indicates Simple Moving Average
I[X] represents the input line
Prd 1 and Prd 2 indicate period 1 and 2 respectively