Discussion of article "Learn how to design a trading system by Relative Vigor Index"

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New article Learn how to design a trading system by Relative Vigor Index has been published:

A new article in our series about how to design a trading system by the most popular technical indicator. In this article, we will learn how to do that by the Relative Vigor Index indicator.

Strategy one: RVI Crossover - Uptrend

According to this strategy, we need to create a trading system that gives buy and close signals during the uptrend by continuously checking the following values:

• The current RVI value
• The current RVI signal value
• The zero level of the RVI indicator

If the current RVI value is greater than the zero level, the current RVI signal value is greater than the zero level, and the current RVI value is greater than the current RVI signal value, we need the trading system to return the following values as a comment on the chart:

• Buy Signal
• Relative Vigor Index Value
• RVI Signal Value

In the other scenario, if the current RVI value is lower than the zero level, the current RVI signal value is lower than the zero level, and the current RVI value is lower than the current RVI signal value, we need the trading system to return the following values as a comment on the chart:

• Close Signal
• Relative Vigor Index Value
• RVI Signal Value

The following is the step-by-step blueprint for this strategy:

Author: Mohamed Abdelmaaboud