It is written in italian, but this is the translation:
“Confirmation indicator that highlights the trend. It is normally used to confirm RSI signals By examining volatility. The following formula comes from the article “The relative volatility index,” written by Dorsey, Donald, in June 93 Published by Technical Analysis of STOCKS & COMMODITIES. Category: Volatility Formula for MetaStock ™: INIZIO FORMULE
§ RVI Down
§ RVI Up
(100*Fml(“§ RVI Up”))/(Fml(“§ RVI Up”)+Fml(“§ RVI Down”))
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