Stochastic RVI is a standard Stochastic Oscillator applied to the values of RVI (Relative Vigor Index) indicator instead of a price.
Standard Stochastic oscillator is not so effective in marking the changes of market cycles or volatility. It uses a fixed period and does not fit into constantly changing market cycle length. Stochastic RVI indicator does not have such a problem and fits into the current market volatility.
The indicator is inspired by John Ehlers’ article “Using The Fisher Transform” published in November 2002 in the “Technical Analysis Of Stock & Commodities” magazine. The simplest trading system for this indicator is equivalent to the one used with Stochastic Oscillator or RVI: main/signal lines crossover, zero line breakout, enter and exit to the overbought and oversold areas, the indicator divergencies with a price chart.
Stochastic RVI - indicator MetaTrader 5 Stochastic and RVI (Relative Vigor Index) - both indicators measure overbought and oversold area of the market movement. This indicator…
Inverse Fisher RVI - indicator MetaTrader 5 Relative Vigor Index indicator used in technical analysis to measure the conviction of a recent price action and the likelihood…
Fisher RVI - indicator MetaTrader 5 Relative Vigor Index (RVI) indicator is used in technical analysis to measure the conviction of a recent price action and…
RVI - indicator MetaTrader 5 Real author: Witold Wozniak The Relative Vigor Index oscillator developed based on the article "Using The Fisher Transform" by John…
RVI BARS - indicator MetaTrader 5 Real author: Perky The indicator changes the color of the bar to the color corresponding to the current trend, which…
