April 3, 2022

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Relative Vigor Index – RVI

The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis. It measures the strength of a trend by comparing the closing price of a security with its trading range and smoothing the results using a simple moving average (SMA).

The RVI is interpreted in the same way as many other oscillators, such as the Moving Average Convergence-Divergence (MACD) or the Relative Strength Index (RSI). While oscillators tend to fluctuate between fixed levels, they can remain at extreme levels for extended periods, so interpretation must be done in a broad context to be actionable.

 

The indicator has one line:

  1. RVI
  2. RVI Signal

 

We have added these basic conditions:

  • RVI is rising/falling
  • RVI  is above/below level
  • RVI  crosses above/below level

 

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

 

You can easily do your conditions in Custom blocks. More informations you can find here:

 

 

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Emmanuel
Emmanuel
April 9, 2022 9:42 am

excellent thank you !