RVI – Relative Vigor Index ?

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This topic contains 3 replies, has 2 voices, and was last updated by avatar Nicolas 9 months ago.

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  • #40852

    I have found a reference to this oscillator here: http://www.traderpedia.it/wiki/index.php/Formula_Relative_Volatility_Index_(RVI)

    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 ™:
    § RVI Down
    § RVI Up
    § RVI
    (100*Fml(“§ RVI Up”))/(Fml(“§ RVI Up”)+Fml(“§ RVI Down”))

    Can it be converted to PRT code?

    Many thanks.


    AVT replied here: https://www.prorealcode.com/topic/trading-the-5-min-bar/

    I never used that oscillator before, nor I ever heard of it, will that code do?



    I also found this: https://www.mql5.com/en/code/8035

    Can anyhone translate it to PRT?




    Found this code in the prorealtime official website:


    1 user thanked author for this post.
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