Ravi Indicator
Forex BUY/SELL signals from the best Ravi indicator for MT5. Find exact entry points with zero line crossings.
Description
The Ravi indicator is a trend following indicator that follows the price movement. The zero line is the most important aspect of the indicator.
When the signal line passes above or below the zero line, it indicates a trend change.
You can use the indicator on all timeframes, but it is better to look for intersections on longer ones, since the indicator may show false signals on shorter ones.
How to use the Ravi Indicator for MT5?
The GBP/NZD M15 chart above shows the BUY/SELL signals of the Ravi indicator. As mentioned earlier, crossing the zero line is the most important aspect of the indicator. So, to identify BUY/SELL signals, you need to look for zero line crossovers. You can take a long position if the signal line is above the zero line. Conversely, you can open a short position if the signal falls below the zero line.
There is another way to trade with the Ravi indicator. When the signal line reaches the top, it means that the bulls are exhausted and we can expect a bearish reversal. On the other hand, if the signal line reaches the bottom, it indicates the exhaustion of the bears. Thus, you may be looking for a bullish reversal. The Ravi indicator is similar to many momentum oscillators such as RSI, MACD or Stochastic in that the upper and lower levels can be considered overbought/oversold.
Conclusion
The Ravi indicator for MT5 indicates the direction of the trend by crossing the zero line. You can also use the indicator to look for overbought/oversold signals. You can download the Ravi indicator for free from our website.