RVI(Relative Vigor Indicator)
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Thread: RVI(Relative Vigor Indicator)

  1. #1
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    RVI(Relative Vigor Indicator)

    RVI(Relative Vigor Indicator)



    The creator of the Relative Vigor Indicator is John Aylerz and devised to determine the direction of the prevailing trend. The cursor movement based on a very simple idea and is that the price of closing mostly higher than the opening price in the growing and lower than in the bearish market.

    Use it:-

    RVI reflects the acceleration or deceleration movement of price change (and in turn, it may be used to determine the pattern of divergence / convergence):
    In general, the more the value of the index higher, the more the price rises more pronounced;
    And whenever the lowest index value, the more the low price more obvious.
    In conjunction with the signal line (in red), which is a moving average line for four periods and the relative activity (in green) is a convenient tool to identify potential points to break the dynamics prevailing price:
    Cross the signal line from top to bottom, the index gives a signal to sell;


    Crossed the signal line from the bottom up, the index gives a signal to buy.



    RVI.jpg

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  2. #2
    Trader layigold's Avatar
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    I want to believe that this indicator can be used exactly the same way RSI is being used in trading because they look alike and also share similar characteristics. It is only that I have not been able o sight it among the default indicator and if it is not there , one can easily search for it online and download it for his own personal use. I am not be a fan of technical indicators but I can not deny the fact that they do have their own uses in trading

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  3. #3
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    This indicator looks like stochastic oscillator, and so if it works well then the trader can trade with it and see if it will work well for him or not, it can be used alone or for confirmation but i do not recommend for use an indicator alone because it will not help the trader to trade well and will limit the amount of profits made by the trader.

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  4. #4
    Trader famousfx's Avatar
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    Though this indicator is new to me, I have never use it, and probably because i was not used to indicator as per the time of my training, I deal with price action to trade the forex market, but this does not nulify the fact that those indicator are useful to make trader succeed in trading, the only thing is that the indicator must be tested well before using them in the real account.

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  5. #5
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    i want to know if this indicator is better than that is present in the meta trader or not because its function looks like them and so i hope if the traders that use it can give us more screenshot about its working and tell us how to use it properly and how to choose the best signals of it to be able to get good results and make money with it.

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  6. #6
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    sameeh, i always mention this thing to others, if anyone share their experience, strategy, customized indicator or any signal tool he must should share the latest working report and in working situation can share some usage then we can easily understand, i hope if it will be good anyone will share, i will check it personaly as well

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  7. #7
    Trader ara's Avatar
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    Quote Originally Posted by layigold View Post
    I want to believe that this indicator can be used exactly the same way RSI is being used in trading because they look alike and also share similar characteristics. It is only that I have not been able o sight it among the default indicator and if it is not there , one can easily search for it online and download it for his own personal use. I am not be a fan of technical indicators but I can not deny the fact that they do have their own uses in trading
    We can find it in the mt4 default indicator, this is included into the type of oscillators indicator. But I don't think this is similar to RSI, I think it's more like Stochastic Oscillator, but RVI has value 0 as pivot point just like MACD, I don't understand more about RVI indicators, it seems that this indicator is less popular than Stochastic, MACD, and RSI indicators.

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  8. #8
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    Although i see that the using of the price following indicators are better than the suing of these type of this indicators that i think that it is a must to learn how do these indicators work and how they can translate the movements of the price to real signals can help us trade on these indicators . also i see that both of RVI and RSI the same

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