Relative Vigor Index (RVI)¶
| Name | Type | Prerequisite | Use Cases |
|---|---|---|---|
| Relative Vigor Index (RVI) | Momentum | EMA | Trend confirmation in volatile markets. |
Definition¶
Measures the conviction of a trend by comparing close to open.
Mathematical Equation¶
\[
\frac{EMA(C-O)}{EMA(H-L)}
\]
Special cases¶
- Maximum possible value: Unbounded
- Minimum possible value: Unbounded
- Behavior: Oscillates around zero, measuring the conviction of a recent price action.
Visualization¶
Trading Significance¶
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Category: Momentum
-
Use Case: Trend confirmation in volatile markets.