Relative Vigor Index (RVI) Indicator


What Is the Relative Vigor Index?

The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA).

The RVI's usefulness is based on the observed tendency for prices to close higher than they open during uptrends, and to close lower than they open in downtrends.

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The indicator comes with metatrader in "Examples". Use that one, anyway, if you need it, you can use this one.


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