The Relative Vigor Index (RVI) was described by John Ehlers in an article titled ‘Something old, something new’ from the “Technical Analysis of Stocks and Commodities” magazine, January 2002. The indicator attempts to identify trend direction using the basic assumptions that prices tend to close higher in an uptrending market, and inversely, close lower in a downtrending market.
This implementation is as per John Ehlers original specification, resulting in two lines plotted, the RVI line and Signal line. Signals are generated when the lines cross.
The following are inputs available in the application:
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