NAME

GT::Indicators::RAVI - RAVI Trendindicator


DESCRIPTION

The RAVI is a simple yet efficient trendindicator. It is calculated as follows:

RAVI = ABS ( 100 * ( SMA(Short) - SMA(Long) ) / SMA(Long) )

The long Period divided by the short should always be 10. A Trend is indicated if the RAVI crosses the 3%-level.

Parameters

Short Period (default 7)

The first argument is the period used to calculed the short average.

Long Period (default 65)

The second argument is the period used to calculed the long average.