The RVI-Cross EA buys and sells depending on the relationship of RVI’s main and signal line. The RVI (Relative Vigor Index) indicator uses an instrument’s opening and closing price, compared to its price range, to calculate the vigor of the market. Its goal is to identify an established trend.
When the main line crosses above the signal line a buy trade is opened.
Note: Trades are closed with a stop or a limit, whose price is defined by the user. All trades open at the close of the current candle. Only one trade at a time is opened, regardless of the number of crossovers that occur.
When the main line crosses below the signal line a sell trade is opened.
Note: Trades are closed with a stop or a limit, whose price is defined by the user. All trades open at the close of the current candle. Only one trade at a time is opened, regardless of the number of crossovers that occur.
The following inputs are available in the EA’s properties window and can be defined by the app user:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice.
This Expert Advisor (EA) is only compatible with FXCM MetaTrader 4 software. It does not operate on MetaTrader 4 software provided by any other brokerage. Additionally, an FXCM account is required (including free FXCM demo accounts).