Indicators: Stochastic RVI

[Automated-Trading]

Stochastic RVI:

Stochastic and RVI (Relative Vigor Index) - both indicators measure overbought and oversold area of the market movement.

This indicator combines them both in one single indicator - Stochastic of Relative Vigor Index.

• It emphasizes the overbought and oversold regions.
• It produces relatively small number of signals hence enabling less false signals.

Author: Mladen Rakic