Range Action Verification Index (RAVI) - Anyone developed this?

[Elliott Wave]

Yes I definitely will do that.

I had a bit of trouble updating the link within the file section, that's another reason I wanted to make sure there weren't any major issues before uploading at attachment I may not be able to change.

Replacing a shared indicator with an updated version

http://www.ninjatrader-support.com/vb/showthread.php?t=7026

(Clicking on the picture brings up the old version even though I edited the post to include the new file, so I had to included the link from the discussion section)

http://www.ninjatrader-support.com/vb/local_links.php?catid=1&keyid=&page=1&pp=15&sort=d

[zordan]

Hello,

I am trying to call this indicator as below:
if (RAVI(10,SMA,60)[0] > 0.3)

however I get this error message

Argument '2': cannot convert from 'method group' to 'RAVIAverageType'
Argument '2': cannot convert from 'method group' to 'RAVIAverageType'
The best overloaded method match for 'NinjaTrader.Strategy.Strategy.RAVI(int, RAVIAverageType, int)' has some invalid arguments
The best overloaded method match for 'NinjaTrader.Strategy.Strategy.RAVI(int, RAVIAverageType, int)' has some invalid arguments

Seems there is an issue with defining the moving average. What is the correct syntax?

Thanks a lot!

I played around with this and added support for multiple moving average types. Generally I think SMA with the default periods is the best way to use this but some of the other MA types could be worth exploring.

[NinjaTrader_RyanM1]

Hello Zordon,

This indicator is not supported by NinjaTrader, but what you would want to do is use RAVIAverageType. and then see the intellisense options available.

if (RAVI(10, RAVIAverageType.SMA, 60)[0] > 0.3)


The concept of enums used in this indicator is discussed in the following sample:
http://www.ninjatrader-support.com/vb/showthread.php?t=3420

[gunsnmoney]

I have been reading Chande's book (Beyond Technical Analysis) and it is an SMA used in this indicator not an HMA or any other. Also, the threshold level is 3%(.03) not .3 (where he shows a horizontal line). This indicator is very much like ADX but he points out that it will be a bit more responsive as it is only singe smoothed vs the ADX being double-smoothed.

Also, he cautions that the 3% is arbitrary based on his experience and you will have to test to find the threshold that works for you. The SMA long average he used was 65 (days) and the short SMA was set to 7 originally in his text.

G&M