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Urm... the value of this RAVI indicator is above 5 on the DJI. A solid
downwards trend?
-- John
Ken Close wrote:
Al:
Being a devotee of ADX, you might consider RAVI--Range Action
Verification Index--described by Chande in his 2nd edition book
"Beyond TA".
RAVI = abs(100*(((MA(*C*,7)-MA(*C*,65))/MA(*C*,65))));
I haven't done any work with it as I just read about it last night,
but it might be something for you to consider. Values above 3 indicate
trending prices.
Ken
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