Ravi Indicator: A Powerful Tool for Trend Analysis
Info
The Ravi Indicator: A Powerful Tool for Trend Analysis is a Indicator for MetaTrader 5 that the ravi indicator, also known as the range action verification index, is a valuable tool for traders to analyze market trends and make informed decisions. This indicator measures the relative convergence and divergence of moving averages for a financial asset, amplified by a factor of 100.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Ravi Indicator: A Powerful Tool for Trend Analysis
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The Ravi indicator, also known as the Range Action Verification Index, is a valuable tool for traders to analyze market trends and make informed decisions.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - another powerful indicator for MetaTrader 5 traders.
The Ravi indicator, also known as the Range Action Verification Index, is a valuable tool for traders to analyze market trends and make informed decisions.Also recommended: Market Structure BOS and CHoCH Indicator: Swing Points, No Repaint, Alerts - similar indicator with strong performance on MetaTrader 5.
This indicator measures the relative convergence and divergence of moving averages for a financial asset, amplified by a factor of 100. Unlike the ADX, it operates on a distinct principle, focusing on price convergence and divergence rather than average crossings.
Tushar Chande, the creator, recommends a 13-week simple moving average (SMA) as the foundation for the indicator, capturing the quarterly market sentiment (65 working days). The short moving average is set at 10% of the long-term average, rounded to seven.
Chande suggests reference lines at ±0.3% or ±0.1% for the indicator, depending on market conditions. When the indicator crosses the upper reference line, an uptrend is signaled, and when it crosses the lower line, a downtrend is indicated. The trend is considered ongoing as long as the Ravi line moves in the respective direction. If the indicator returns to the zero line, the trend is deemed over, and a channel is established. However, if it reverses again without entering the gap between the reference lines, the previous trend is considered to have resumed.
The Ravi indicator is similar to the Price Oscillator and MACD but stands out by utilizing price convergence-divergence values for trend indication. Its sensitivity is enhanced due to having one smoothing compared to the ADX's two, allowing it to provide earlier trend warnings with the specified parameters.
The indicator relies on the smoothalgorithms.mqh library classes, which should be copied to <terminal_data_folder>\mql5\include for proper functionality. Originally developed in MQL4, the indicator was first introduced in 2026, offering traders a valuable addition to their technical analysis toolkit.
You may also like: Stop Distance Indicator: Bar Range and Suggested Stop Levels - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_level1 0
#property indicator_levelcolor clrblueviolet
#property indicator_levelstyle style_solid.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.