Charts

Relative Vigor Index

The Relative Vigor Index (RVI) is an oscillator that compares an instrument's Close price and Open price to measure the strength of price movements and determine a trend in market activity.

Configuration Options

Period: Number of bars to use in the calculations.
Color Selectors: Colors to use for graph elements.
Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

Usually RVI is displayed as two lines:

$RVI_{1} = \frac{(Close - Open)}{(High - Low)}$

$RVI_{n{\text -}period} = n{\text -}period\; SMA\; of\; RVI_{1}$

Relative Vigor Index

Configuration Options

Formula

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