Relative Vigor Index (RVI)

Category: momentum

Measures the conviction of a current price move by comparing the closing price relative to its range, smoothed by a symmetric weighted moving average.

Formula

RVI = \frac{\sum_{i=1}^{n} (ValueUp)}{\sum_{i=1}^{n} (ValueDown)} \text{ where } ValueUp = (C-O) + 2(C_1-O_1) + 2(C_2-O_2) + (C_3-O_3) \text{ and Signal} = \frac{RVI + 2RVI_1 + 2RVI_2 + RVI_3}{6}

Inputs

• InpRVIPeriod (default: 10)

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