RVI – Relative Vigor Index ?

Forums ProRealTime English forum ProBuilder support RVI – Relative Vigor Index ?

Last updated 2 months ago by avatar Nicolas.

4 post(s)
  • #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 ™:
    INIZIO FORMULE
    § RVI Down
    ((PREV*13)+If(ROC(C,1,%)<0,Stdev(C,10),0))/14
    § RVI Up
    ((PREV*13)+If(ROC(C,1,%)>0,Stdev(C,10),0))/14
    § RVI
    (100*Fml(“§ RVI Up”))/(Fml(“§ RVI Up”)+Fml(“§ RVI Down”))
    FINE FORMULE”

    Can it be converted to PRT code?

    Many thanks.

    #40873

    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?

     

    #41264

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

    Can anyhone translate it to PRT?

    Thanks.

    Roberto

    #41266

    Found this code in the prorealtime official website:

     

    1 user thanked author for this post.
4 post(s)

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