Relative Vigor Index (RVI) calculation is based on the idea that close prices are usually higher than the open ones during an uptrend.
The oscillator is smoothed to exclude occasional price fluctuations. The signal line is generated the same way. The main advantage of this variant of the well-known indicator is the possibility to change RVI and the signal line smoothing algorithms by selecting an appropriate one out of ten algorithms.
Author: Nikolay Kositsin
Indicators: Relative Vigor Index (RVI)
newdigital, 2013.08.28 15:32
Relative Vigor Index Technical Indicator