HOW TO TRADE FOREX WITH CHANDES RANGE ACTION VERIFICATION INDEX RAVI ~ forex trading companies in melbourne
Chandes Range Action Verification Index (RAVI) is another reliable technical analysis indicator for forex and any other financial instruments. This technical indicator is developed by Tushar Chande. This indicator has one zero line, and upward and downward histograms. It has also two levels at +3% and -3%. This technical indicator is similar to MACD in structure.
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| Source:matatrader4.com |
Trading with RAVI technical analysis indicator depends on the following key points:
- Red histograms indicate that the negative value is increasing.
- Green histograms indicate that the positive value is increasing.
- Gray histograms indicates either decrease in negative value or positive value.
- When the histograms are below the -3% level, it means market maintaining bearish trend.
- When the histograms are above +3% level, it means market maintaining bullish trend.
- The peak of the upward histograms gives sell signal and the peak of the downward histograms gives buy signal.
- When the histograms are above the -3% level, it means a strong bullish trend may be introduced.
- When the histograms are below +3% level, it means a strong bearish trend may be introduced.
- The histograms will not easily go bellow the +3% level and above -3% level.
These are the key points of trading forex or any other financial instruments with RAVI technical analysis indicator.One thing we should remember that conversion of red and green histograms into gray histograms are considered as strong signals.
Dear traders, these are the basic of trading with RAVI technical analysis indicator. If you have any suggestions to be included in the above post, please drop a comment below. You can even follow me on twitter @albab247.
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