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10.33 RAVI

RAVI is a simple indicator showing whether a stock is trending. It calculates the percentage difference between current prices and older prices. Current prices are represented by a short SMA and the longer time frame by a long SMA (see Simple Moving Average). The defaults are 7 days and 65 days.

             abs (SMA[short] - SMA[long])
RAVI = 100 * ----------------------------
                      SMA[long]

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