Developed by Tushar Chande, the Range Action Verification Index (RAVI) is used in order to help identify if the market is in a trend. The indicator shows the difference (in percentage) between the current prices and the past prices. Two key lines are recommended by Chande for the RAVI – 3% or 1% in dependence on the market.
This version has an additional inverse Fisher transform applied to the RAVI in order to emphasize the RAVI values and to make the detection of trend change and exhaustion easier.
Chandes Quick Stick (Qstick)Ulcer Index
This Ulcer Index indicator was derived from the stock risk indicator by Peter Martin in the 1987 book "The Investors Guide to Fidelity Funds".
This tool allows you to calculate the correct lot size of the next trade by following some simple money management rules.Chandelier exit
Chandelier exit indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.