Indicators: Stochastic RVI
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Stochastic RVI:
Stochastic RVI is a standard Stochastic Oscillator applied to the values of RVI (Relative Vigor Index) indicator instead of a price.
Standard Stochastic oscillator is not so effective in marking the changes of market cycles or volatility. It uses a fixed period and does not fit into constantly changing market cycle length. Stochastic RVI indicator does not have such a problem and fits into the current market volatility.
The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine. The simplest trading system for this indicator is equivalent to the one used with Stochastic Oscillator or RVI: main/signal lines crossover, zero line breakout, enter and exit to the overbought and oversold areas, the indicator divergencies with a price chart.
Author: Nikolay Kositsin