Relative Vigor Index Indicator (RVI) Indicator

Relative Vigor Index Indicator
Relative Vigor Index Indicator

The Relative Vigor Index (RVI) is a scientific analysis indicator that take the measurement of the power of a trend by differentiating as a fety nearing cost to its trafficking scope and frightening the out come.

Relative Vigor Index Indicator (RVI) Indicator

Relative Vigor Index (RVI) is a scientific indicator that is classified as an oscillator in a lot of trafficking programmes.

computation of the Formula for Relative Vigor Index Indicator

Firstly, Numerator= a+(2×b)+(2×c)+d / 6

Secondly, Denominator = e+(2×f)+(2×g)+h / 6

The formula of the relative vigor index indicator is:

RVI = SMA of DENOMINATOR for N phases  /  SMA of NUMERATOR for N phases

Indication Line =RVI+(2×i)+(2×j)+k / 6

​Therefore:

a = Near − Unlock

b = Near – Unlock single bar Previous to a

c = Near − Unlock sinhle  bar Previous to b

d = Near − Unlock single bar Previous to c

e = Highest −  lowest of bar a

f = Highest − Lowest of bar b

g = Highest − Lowest of bar c

h = Highest − Lowest  of bar d

i = RVI rate single bar Previous

j = RVI rate single bar Previous to i

k = RVI rate single bar Previous to j

N = Minutes or Hours or Days or Weeks or Months

How To Computed Relative Vigor Index (RVI)  Indicator

Select an N phase to check out.

Recognize the Unlock, Highest , Lowest and Near rate for the present bar.

Recognize the Unlock, Highest , Lowest and Near rate for remembering phases previous to the present bar.

Compute the simple moving average for whole number and lower number along the N phase.

Split up the whole number rate from the lower number rate.

Put down the out come in the indication Line equation and mark on a chart.

it is quite useful indicator for all the traders and investors and it is the best Indicator for new comers.

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