Can you please create the RAVI Indicator using the below settings

Range Action Verification Index ( RAVI ) indicator script. This indicator was originally developed by Tushar Chande (see his book "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System").

Short MA – The number of periods to use for the short moving average. The default value is 7.
Long MA – The number of periods to use for the long moving average. The default value is 65.
Uptrend Level – The level to draw the uptrend indicator line. The default value is 0.3.
Downtrend Level – The level to draw the downtrend indicator line. The default value is -0.3.
Use SMA – Use simple moving averages for the calculation. True/yes to use simple moving averages, false/no to use exponential moving averages. The default value is true/yes.
Absolute Value – Take the absolute value of the result. True/yes to take the absolute value as per the original specification by Tushar Chande. False/no to not perform the absolute value and preserve trend direction. The default value is false.

Here you go:

CODE:
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THANK YOU!

Glad to help you.

Let's have it added to C.Indicators v2020.06.

Excellent.

can you create this as a histogram instead of a line when adding to the community indicators?

When making research I noticed that most packages and websites plot RAVI as solid line. I will not force a drawing style for RAVI. But if you choose Histogram when plotting the indicator, Wealth-Lab will remember your choice.

Thx!

@Ayjahsun1

RAVI has been added to Community Indicators. To use it, please update the extension to v2020.06 or higher.