Summary of ✨RAVI Indicator for MetaTrader 4/5 – Free Download - TFLab

The video provides a detailed tutorial and guide on the RAVI Indicator (Range Action Verification Index) available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website.

Key Technological Concepts and Features:

• Purpose: The RAVI Indicator is designed to identify market conditions such as uptrends, downtrends, ranging markets, and measure price momentum.
• Visuals: When applied, it appears as an oscillator window below the price chart.
• Interpretation:
  • Oscillator line below zero with negative values signals a downtrend.
  • Oscillator line above zero with positive values signals an uptrend.
  • Oscillator line values between -0.1 and 0.1 indicate a ranging or low momentum market.
  • Values above 0.1 indicate a high momentum trend, with increasing values showing stronger momentum.
  • Values below -0.1 show increasing negative momentum and stronger downtrends.

Customization and Settings:

• Users can customize the indicator via the input tab with several options:
  • Fast Moving Average (MA) method: Options include SMA, MMA, SMMA, LWMA, JMA, DURX, Palmer, TT, VIDA, and EMA, each with different calculation methods.
  • Fast MA calculation period and phase: Phase setting applies only to JMA, GRX, T3, VIDA, and EMA types.
  • Slow Moving Average method: Similar options as the fast MA, including SMA, MMA, SMMA, LWMA, JGMA, Jurx, Parma, T3, Vidya, and EMA.
  • Slow MA calculation period and phase: Phase settings also apply to specific MA types as above.
  • Price calculation type: Users can select from close, open, high, low prices, etc.
  • Shift value: Determines the horizontal positioning of the oscillator line on the chart (zero for current candle, positive shifts right, negative shifts left). Default is set to 10 candles to the right.

Usage Instructions:

• Download the indicator file from the Trading Finder website.
• Load it via the MetaTrader navigator by dragging it onto the chart.
• Adjust settings as needed for personalized analysis.

Summary of Content Type:

• The video serves as a tutorial and guide explaining the installation, features, and customization of the RAVI Indicator.
• It provides a functional analysis of how the indicator signals market trends and momentum.
• Encourages user interaction through comments and suggestions.

Main Source/Speaker:

• The tutorial is presented by TFLab, presumably the creators or distributors of the indicator, with no specific individual speaker named.

Category

Technology

Video