Range Action Verification Index (RAVI) Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 1 hour
- Net P&L: +59,975.00 USD (+59.98%)
- Win Rate: 76.2%
- Profit Factor: 2.206
- Max Drawdown: 8,587.50 USD (6.37%)
- Total Trades: 290
- Sharpe Ratio: 0.646
Description
The indicator represents the relative convergence/divergence of the moving averages of the financial asset, increased a hundred times. It is based on a different principle than the ADX. Chande suggests a 13-week SMA as the basis for the indicator. It represents the quarterly (3 months = 65 working days) sentiments of the market participants concerning prices. The short moving average comprises 10% of the one and is rounded to seven. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.