RVI

Relative Vigor Index or RVI indicator. The RVI indicator is calculated using the same system as the Stochastic oscillator*. However, in contrast, it compares the closing level with the opening level, but not with the minimum price for a trade period. As a result, the vigor index represents an actual price change for a period to be regulated for the maximum range of this period, for example, an hour or a day.

* Oscillators (in technical analysis) are a class of technical analysis indices that characterize overbought or oversold market status. They are, as a rule, are efficient when the market is permanent and when the price moves within a comparatively narrow “market corridor”.

Indicator view on the chart.

To add and set up this indicator, open the settings window.

Drawing.

Panel To add and set up this indicator, open

• New panel.
• Chart.

RVI

Show value - display of the indicator value on the left on the price scale.

Scale – if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.

Color - color setup of the indicator.

Visual type - visual setup of the indicator display on the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setup of the line display:

• Solide
• Dash
• Dash-dot
• Dash-dot-dot

Width - width setup for the indicator line.

The Signal line has the same visual settings as the RVI line.