HPotter

Range Action Verification Index (RAVI) Backtest

The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX . Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning prices. The short moving average
comprises 10% of the one and is rounded to seven.

You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
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