TRVIFunction
Hierarchy Properties Methods Events
Unit
StatChar
Description
Relative Vigor Index (RVI) is an indicator that measures the conviction of a recent price action and the likelihood that it will continue. The RVI
compares the positioning of a security's closing price relative to its price range. The result is smoothed by calculating a moving average of the
values and compared with a 4-period signal line.
The indicator is calculated using the formula:
RVI = (CLOSE-OPEN)/(HIGH-LOW)
The RVI Function uses a OHLC ( Candle ) series as datasource.