) is a convenient oscillator used to study the state of market trends. With its help, determine the balance of power between buyers and sellers for a certain period. The creator of the tool is John Ehlers(John Ehlers), known as the author of many popular technical analysis tools (for example, EPOCH and MESA).
For the first time, the indicator of the index of relative cheerfulness (as the name is translated from English) was described in 2002.
Detailed description of the RVI indicator
The RVI indicator is present in the vast majority of modern trading platforms. For example, in MetaTrader it is located in the "Oscillators" section.
In the window that appears, the user can select the averaging period, fix the maximum and minimum, and make color settings. Even a completely inexperienced user will not have problems with setting up RVI.
In fact, you need to set only one operating parameter - the period.
It should be taken into account that the larger this indicator is, the lower the indicator's sensitivity to price changes will be. Signals will not form too often, but their quality will be much better than in the case of short periods. Reducing the segment will increase the number of messages, but many of them will be false starts.
The principle of working with this technical analysis tool is based on the fact that in most cases the opening price is higher than yesterday's closing price in a growing market and lower in a declining one. As already mentioned, in essence, this indicator is an oscillator. It is a graph consisting of a green line and a red line (colors may vary depending on settings). The first fast curve provides information about the state of affairs in the market, taking into account short-term price fluctuations. The red line reports the relative strength of the participants over a longer time period.
The RVI indicator is calculated as the ratio of the difference between the closing and opening prices to the difference between the maximum and minimum prices.
According to this formula, the first line is built, but instead of price differences, it uses the sum of moving averages for four periods. The second curve is a symmetrically weighted four period MA from the first.
If both lines have risen too high, then the market is overbought, and it is worth considering the possibility of selling. If, on the contrary, their level has dropped excessively, the likelihood of a correction or a reversal in an upward direction increases, so it is better to make a purchase. Crossing each other, the lines give trading signals, which we will talk about a little later. Concluding the conversation about oversold/overbought, it is worth noting that these areas are displayed on the indicator with a certain error.
Video: RVI indicator operation
RVI Signals
As a result of the intersection of the curves of the RVI oscillator, there are direct or confirming trading signals. The first group includes the following messages:
- For sale– the green line passes through the red one from above. The higher the crossover occurs, the more likely the message is true.
- To purchase– the green curve passes through the red one from below. If the intersection happened very low, then the market is oversold, and then the price will move upward.
Confirmatory signals indicate the strengthening of the trend. If the index grows, we can state the strengthening of the uptrend, and start looking for an opportunity to enter in this direction. When the RVI level decreases, the strength of the downtrend increases, and you need to think about selling.
With this oscillator, you can also get clear divergence signals. When disagreements appear between the behavior of the price and the oscillator lines, we can talk about a high probability of a corrective movement or a reversal. If the price line makes a new high while the RVI is declining, you should immediately start selling, and vice versa.
Compatibility of RVI with other indicators
The RVI indicator is a completely independent analysis tool, but it has enough shortcomings. The main problem, of course, is the frequent giving of false buy/sell signals. You can reduce the percentage of such unjustified messages by using additional trend indicators. For example, the combination of RVI with the usual has proven itself quite decently.
- In this case, the Moving Average displays the current trend, and the indicator tracks the most convenient entry points. When the price is below the moving average, the market is in a downtrend. So, you need to look for points on the RVI chart where the green line passes through the red one from above. If the price is located above the MA, they speak of an uptrend, and look for intersections where the green line moves from below in order to open a buy deal at this point.
Conclusion
The main task of the oscillator is to determine the probability of a trend continuation or change. It visually displays the strength of the price movement. The advantages of the tool include:
- the ability to use in almost any trading system;
- ease of setup;
- simple operation.
The RVI indicator can be used both as the main indicator and as an addition to other analysis tools. Experts believe that the second option is more effective. This tool is primarily recommended for experienced traders who are able to critically perceive and evaluate the received signals. When working with RVI, beginners should be as careful as possible and adhere to standard security rules, which imply mandatory safety net when opening a trading position.
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Good afternoon, dear readers and visitors of our site. In this article, our topic will be the RVI indicator or Relative Vigor Index. This is a standard technical analysis indicator, which, to be honest, is not often used by traders.
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I can't say what it is about. Most likely, this is largely due to the fact that traders are not familiar with this indicator. And, indeed, I personally rarely meet when a trader uses this tool in his trading.
But this is largely due not to the fact that this indicator is really something bad. Simply, people are already accustomed to other technical analysis tools, and they have no particular desire to expand their horizons.
If you install this indicator on the chart, you will suddenly discover its amazing similar to stochastic. However, it should not be confused, despite the superficial similarity, these are completely different technical analysis tools, and this should be clearly understood. .
I can not compare them, they say, what is worse and what is better. I believe that under certain conditions, the stochastic will work better, under other conditions, the RVI will work better. But, as I told you quite a long time ago and often, the indicator is only an assistant, you should not blindly rely on its readings, because there is no point in this. The more evidence you find that it makes sense to enter a trade, the better it will be for you. .
You must clearly understand that all trading comes down to one single word. it's a probability. One way or another, but none of us can know where the price will go - this is bad news. But the good news is that we don't need to know this to make good money. Perhaps I will open America for someone if I say that you can make money in the market, and very well, having even fewer profitable trades than unprofitable ones.
You know, this is not quite related to the topic, but I have to say about it. Personally, I am convinced that many novice traders make a big mistake when they want to get out with more profitable trades. In this case, they place a take, which is equal to the profit. The fact is that in this case, in order to make good and tangible money, you will need to make about 70% of profitable entries.
I assure you, from time to time, the market can be so volatile that even an experienced trader will not be able to maintain a ratio not only at the level of 70 to 30, even reaching the level of 50 to 50 will be an extremely difficult task. Experienced trader always makes profit grow if the market allows it.
Therefore, do not hesitate to place a take that is 3-4 times more than the stop. Thus, you will provide yourself with an impressive mathematical expectation. So you can only make 25-35% profitable trades and still be profitable.
Where to use. How to setup
As for our indicator, we have a classic oscillator that will work well in flat, but in the trend will bring a lot of smut. The settings are also simple, we have a period that is 10 by default. The higher the period of the indicator, the smoother it will be in relation to the market movement.
Unfortunately, it is impossible to single out any optimal parameters here, you will have to choose them based on your preferences and the type of trading system. Again, I say again, carefully select filters. You can use this indicator at any intervals and on any assets. Here, no one sets limits for you, choose what you need!
Watch an overview video about the indicator
How to use this indicator in practice? In general, the basic signal is intersection of indicator lines, but, I believe that for greater accuracy it is necessary to additionally install levels 0.4 and - 0.4 to receive more accurate signals. Yes, of course, there will be many times fewer signals, but here you need to realize that it is better to make one conscious trade than to make a dozen trades, it is not clear what they are based on.
Strategy. conclusions
In general, the strategy for using this instrument is not particularly different from the usual technique for using the same stochastic. By the way, . We need to set levels that will indicate overbought and oversold conditions for us, wait until the indicator lines touch this level, and enter a trade when the lines cross in the opposite direction.
Actually, here is such an easy strategy to use. In fairness, I note that in the long term it will not work, if it is still normal in the flat, then during the trend period the lines will stick in the overbought and oversold zone, forming false signals.
Look at the example above, it shows a potential trade opened based on the signal of this indicator. We can see that our intersection occurred in the overbought zone, and it was worth entering the deal strictly after the reverse intersection of the indicator lines was formed.
We see that the price has indeed made a pullback down, which would have made it possible to make a profit. But, again, I do not recommend that you take these kinds of trades, as they are risky. In addition, I would not recommend that you take trades against the global trend. For example, if on the same hourly interval it is clearly visible that we are developing a strong downtrend, then entering into purchases against the dominant trend at a low interval is a very risky action that, at least, will not bring a good profit.
If we talk about this indicator as a whole, then it is interesting, and at some moments, due to its smoothing, it does not give as many false signals as a stochastic or the same one can give. I can recommend this indicator as no one filter. Naturally, you would be better off using it as part of a strategic approach to more globally assess the situation in the market. If you are interested in this indicator, then watch it for a while on history to understand at what moments it works well, and when its use does not bring the desired result.
Description
Now the Internet has become not only a way of simple communication, but also a platform for additional earnings. Freelance - remote work, attracts an increasing number of network users. And indeed, the idea of getting fast real money looks tempting, despite the fact that you can work where it is convenient and as much as you like. Freelancing is also trading, which offers you a free work schedule, the opportunity to improve your skills, achieve more and more new goals, but at the same time, it is options trading that gives you one of the fastest money on the network - from.
Such work attracts many, so trading has become widespread. Anyone can make it their main job and get decent money. To do this, it is important to increase the level of knowledge, study, test, always be in the know. Even more useful (, etc.) is available to you on our portal. To be a professional market player, use the materials at any time. Today we will talk about the RVI indicator.
Relative Vigor Index(Relative Vigor Index, RVI) is a popular binary options technical indicator, authored by economist John Ehlers, who also created Laguerre and the Center of Gravity. The tool first appeared in 2002, and since that time has become one of the most common among exchange players. Today, the indicator is considered the original analytics tool and, having received wide recognition, is used not only in trading, but also in the Forex market.
RVI can easily be attributed to , but, unlike them, it does not display overbought and oversold zones. Its significant advantage is that it accurately shows the strength and duration of the trend.
You can see how RVI visually looks on the Metatrader 4 price chart in the image below. You can also download the Metatrader 4 platform and learn more about the indicator.
What is the principle of operation of the RVI indicator?
The author of the indicator, J. Ehlers, carried away by the study of market cycles, was able to add a powerful mathematical apparatus to technical analysis. The Relative Vigor Index is similar to the Relative Strength Index, because it also continues the theme of trend analysis. But unlike RSI, which shows the ratio of two types of bars on the chart, RVI determines the ratio of lengths.
Observing asset quotes, the scientist saw that in the case of an active uptrend, not only white candles become more numerous, but the bodies of these candles themselves are large, in contrast to a downtrend, which has the opposite picture. This phenomenon was called the "vigority" of the trend, and the instrument became its index. With this approach, the idea of the market as a mechanism is clearly reflected, the bodies of candles of which indicate the confidence of the participants in the transaction, and their shadows indicate doubts about choosing a position. On the price chart, the indicator is displayed in a separate window, it looks like two curves:
- Fast (blue), reflecting the energy of market dynamics. It is based on the fact that the price closes higher than it opened, showing the state of equilibrium of the market crowd over a specific short time frame.
- A slow signal line serves to reflect the state of equilibrium of the market crowd over a long time period.
The combination of these lines gives the standard crossing signals for oscillators:
- If the fast line of the indicator has crossed the slow one upwards, this indicates that the exchange is currently in an uptrend, it is worth buying CALL options,
- If the fast line of the indicator crossed the slow line from top to bottom, this indicates that a downtrend is currently formed on the exchange, it is worth buying PUT options.
In many ways, it resembles oscillators (for example, RSI, or).
FormulacalculationRVI
VALUE1 = ((CLOSE - OPEN) + 2 * (CLOSE (1)) - OPEN (1)) + 2*(CLOSE (2) - OPEN (2)) + (CLOSE (3) - OPEN (3))) / 6
VALUE2 = ((HIGH - LOW) + 2 * (HIGH (1) - LOW (1)) + 2*(HIGH (2) - LOW (2)) + (HIGH (3) - LOW (3))) / 6
NUM = SUM(VALUE1,N)
DENUM = SUM(VALUE2,N)
RVI = NUM / DENUM
RVISig = (RVI + 2 * RVI (1) + 2 * RVI (2) + RVI (3)) / 6 where:
OPEN - opening price;
HIGH - maximum price;
LOW - minimum price;
CLOSE - closing price;
VALUE1 - symmetrically weighted smoothed average of the values of the difference between the closing and opening prices of a bar;
VALUE2 - symmetrically weighted smoothed average of the difference between the maximum and minimum prices of the bar;
NUM - sum of N VALUE1 values;
DENUM - sum of N VALUE2 values;
RVI - value of the Relative Vigor Index indicator of the current bar;
RVISig - value of the RVI signal line of the current bar;
N - smoothing period.
Indicator signals
Trend Signals:
- If the RVI curves are growing, this indicates an uptrend, it is recommended to buy CALL options,
- If the curves, on the contrary, are decreasing, we have a downtrend in front of us, it is recommended to buy PUT options.
Line Crossing SignalsRVI:
- CALL options,
- PUT options.
The RVI indicator is a non-standard trader's tool that is not included in the basic list of Metatrader 4 indicators. You can download it for free and quickly from our website. Then install the downloaded file in MT4 using the simple instructions.
After installation, add the indicator to the price chart, for this:
- Click the "Insert" tab in the platform's top menu
- Select the "Custom" - "RVI" tab.
Indicator settings:
Unlike the Stochastic, the instrument does not have extreme levels, it fluctuates near the zero mark (as, for example,). The standard setting recommended by the author of the tool is a period of 10, which gives more smooth results, you can also change it according to your strategy.
Application of the indicator for binary options
RVI is an original but accurate tool that is popular with traders today. It is easy to use, visual and perfect for trading binary options, as well as the Forex market. By opening and closing trades at price peaks, it will allow you to get the maximum income from the full trend. Following the trend gives a significant advantage of RVI - easy determination of the market trend, following a rule that is understandable even for beginners:
- If the curves are rising, the market is in an uptrend, it is worth buying CALL options,
- If the curves are lowering, the market is in a downtrend, it is worth buying PUT options.
Entering a trade at the low and exiting it at the market high, the indicator captures more efficient price dynamics, being not only a valuable, but also a very profitable trading tool. It also shows high-quality line crossing signals, guaranteeing a good income. And yet, in order to reduce false signals, it is worth combining the tool with other indicators (for example,).
Like all oscillators, RVI, working perfectly within the price channel, gives a lot of erroneous signals during a flat, and with a strong unidirectional movement, it can lose sensitivity.
Rules for concluding transactions (screenshots)
Trade with a trend signal
If both RVI curves rise, this indicates an uptrend, it is recommended to buy CALL options uptrend in the MT4 terminal:
CALL bet at a broker by going to the site and preparing an option, indicating:
- Option type
- Expiry date
- Amount
- Forecast: up
If the RVI curves are decreasing, we have a downtrend in front of us, it is recommended to buy PUT options. On the image you can see downtrend in the MT4 terminal:
Take advantage of the trend and make PUT rate at the Olymp Trade broker by going to the site and preparing an option, indicating:
- Option type
- Expiry date
- Amount
- Forecast: down
- Next, click the "buy" button and wait for the forecast results:
Trading on a Line Crossing Signal RVI
If the fast line (green) has crossed the slow line (red) upwards, this indicates that the exchange is currently in an uptrend, it is worth buying CALL options. On the image you can see uptrend in the MT4 terminal (using the trend, place a CALL bet on the site, the instructions are given above):
If the fast line (green) crossed the slow line (red) from top to bottom, this indicates that the exchange is currently in a downtrend, it is worth buying PUT options. On the image you can see downtrend in the MT4 terminal (taking advantage of the trend, place a PUT bet on the website, the instructions are given above):
Money management
Money management has always been considered a basic concept in trading, with the right work with which you can quickly and easily increase the efficiency of the market. If a trader is thinking about making a stable profit, this is easier to achieve by referring to money management rules that will accurately adjust the management of deposit funds.
Minimum capital: starting work in binary options, put the minimum amount of funds per trade; the value of the transaction should not exceed 5% of the deposit; buy inexpensive options, and your transactions will not affect the state of the deposit. By implementing these money management rules in your trading, you will perfectly save your capital.
Minimum deposit: starting work in binary options, participate in transactions that will allow you to save your deposit; when buying a specific asset, do not transfer all your capital to it; keep your account positive for as long as possible, considering that your capital will still be useful to you. By implementing these money management rules in your trading, you will be able to keep your deposit for a long time.
Options Minimum: when starting work in binary options, buy a minimum of options, for example, 2-3 assets; this rule applies more to newcomers to trading, who, having become more confident and experienced, will be able to increase the number of assets. By implementing these money management rules in your trading, you will be able to work most productively from the very first step in options.
Minimum of emotions: when starting work in binary options, always use only a serious working mood, because in the market you must use analytics and make informed decisions on which your productivity depends; it is worth remembering that in options it is not enough to rely only on experience, it is your attitude that makes your work effective. By implementing these money management rules in your trading, you can easily make options trading a profession with the main income.
Expiration.
Is it possible to extend the expiration date?
Allowed, but not in all trading terminals. If during trading you realize that an incorrect forecast is indicated, you just need to extend the expiration of the asset, which will reduce possible losses and make a profit.
Expiration rules:
- It is better for newcomers to the options market to initially trade long-term transactions that guarantee stable results and a minimum of losses.
- Experienced market players are better off working with expiration, which makes their trading and expectation of results more comfortable. Choose your broker carefully. Find out if it will be possible to extend the expiration time during trading, which will guarantee a reduction in losses.
- Those players who need instant income from the market should trade short-term trades that guarantee income in at least 30 seconds.
- Those players who need a stable profit from the market should trade long-term deals that guarantee a good income.
Expiration in strategies with RVI
Expiry on signaltrend
Short term trading: allowed; RVI does a great job of generating market trends, which will give, even with dynamic and risky express trading, high profits.
Medium term expiration: allowed; RVI is an oscillator that accurately determines profitable market trend signals, which will make your trading on the exchange effective; for greater efficiency, use additional tools.
Long term expiration: allowed; RVI is an oscillator that accurately determines profitable trend signals, reliable strategies, fundamental and technical analysis will help you in a more accurate analysis, which will make your long-term trading much more effective.
Expiration at a line crossing signalRVI
Short term trading: allowed; both RVI lines work perfectly together, generating profitable trade entry signals, which will give, even with dynamic and risky express trading, high profits.
Medium term expiration: allowed; both lines of the oscillator work well together, accurately identifying profitable signals for entering transactions, which will make your trading on the stock exchange efficient; for efficiency, use additional tools.
Long term expiration: allowed; Both RVI lines work well together to pinpoint profitable signals, sound strategies, fundamental and technical analysis will help you in more accurate analysis, which will make your long-term trading much more efficient.
Expiration in the RVI + + strategy
Short term trading: allowed; a fairly effective strategy, the Alligator and MA indicators will signal the market trend, generating many profitable trend signals.
Medium term expiration: allowed; such a strategy will allow you to get the maximum income during trading; The indicators, working perfectly together, accurately identify profitable signals, allowing you to get good capital.
Long term expiration: allowed; this effective strategy also works well in long-term trading, the indicators work well together, accurately identifying profitable signals; for a more accurate analysis, you can also use reliable strategies, fundamental and technical analysis, which will make your long-term trading much more efficient.
Getting acquainted with binary options trading, pay special attention to the concept of expiration, which will help you achieve success faster. Take advantage of the advanced features of the convenient Olymp Trade broker terminal, which offers a choice of expiration from 1 minute to 1 hour. By going to the broker's website now, you are approaching success faster.
Downloads
Platform Metatrader 4 (mt4) - download.
RVI indicator for MT4 platform - .
The RVI indicator can be found in any online trading platform. Surely, you have come across its name personally, but, like most other traders, did not pay attention to it. But in vain! This indicator has great potential and will be a great addition to any trading strategy. The description of RVI and the strategy for its use is the subject of our new article.
How the indicator works
Relative Vigor Index - in its literal translation: relative vigor index. And according to some parameters of its display on the price chart, it is quite similar to the well-known Stochastic Oscillator indicator. Its first difference is that there are no overbought/oversold levels on RVI, which allows it to be used regardless of the technical state of the market. In reality, this feature is expressed in the fact that RVI signal lines never “stick together” for a long time and do not stick to the upper or lower border of the indicator scale window, allowing us to track the true dynamics of quotes movement.
This indicator is something between an oscillator and a trend indicator. Its task is to follow the prevailing trend, demonstrating its local changes. Also, an important role is played by the direction of the RVI movement, which shows us the global picture of the market and the direction of the medium-term trend.
RVI is calculated using the following formula:
RVI = (close-open)/(high-low). Further, the result obtained as a result of mathematical calculations is smoothed using a moving average of a given period. Thus, we get the first - the main line of RVI. The second line is normal
weighted moving average applied to the first line of the indicator.
RVI indicator signals - description
As well as when working with the Stochastic indicator, the main trading signal that the Relative Vigor Index indicator gives us is the intersection of its lines with each other.
Crossing up indicates the presence of a trend towards local growth in the market. Crossing down - about the presence of a tendency to a local decrease in the market:
Also, it is necessary to pay attention to the general direction of the movement of the RVI lines (including crossing the zero level), which will allow you to determine the main trend in the market of the traded asset.
An example of the effective use of RVI is the Sidus strategy. This trading strategy uses several Moving Average indicators to determine the trend and RVI to find the best points to enter the market.
In order to create a template for this strategy, add moving averages to the quotes chart:
- EMA28 (paint red)
- EMA18 (paint red)
- the Relative Vigor Index indicator, in which set the period to 100.
Description of the rules of the strategy "Sidus"
To open trading positions, you must wait until the indicators listed above demonstrate the following dynamics:
- Moving averages EMA18 and EMA28 crossed upwards, demonstrating a change in the trend in the asset market towards growth
- The lines on the RVI indicator crossed up.
After the conclusion of the transaction, we set a stop at the nearest price extremum (minimum or maximum, depending on the direction of trade). The transaction is closed manually when the listed indicators give the opposite signal.
The main signal about a change in the trend in the asset market is given by moving averages, the reverse intersection of which signals a trend reversal, that is, that it no longer makes sense to hold an open trading position.
Initially, it is recommended to move the stop level to breakeven (at the opening price of the transaction), as soon as the quotes pass half of the distance determined by the stop loss. For example, if we set a stop loss of 100 points, then we move the stop to the breakeven level when the price has passed 50 points in the direction of opening a trade. As for risk management, the size of opened transactions should not exceed 2% of the trading account amount.
The name of the indicator "Relative Vigor Index" is translated into Russian as an index of cheerfulness. This tool was created by a famous trader named D. Eilers. The RVI indicator was presented to the public in early 2002, information about it was published in a magazine called "Stock and Commodities".
The Relative Vigor Index was developed on the basis of the idea that the closing price of an uptrend in the market should be higher than the opening price. All available today are based on this idea.
The calculation of the RVI indicator is carried out using the same method as in the Stochastic oscillator. The main difference between these two tools is that the Relative Vigor Index indicator compares closing levels with opening levels, and not with the minimum price level for the analyzed period, as the Stochastic oscillator does.
Consequently, the index of relative vigor is able to reflect the real change in the price level for the analyzed period. Depending on the time frame used for trading, this period can be either one hour or a whole day.
RVI indicator. Tool Description
In the process of performing technical analysis of the currency market, the Relative Vigor Index indicator is used to identify the strength of the currently prevailing trend, which allows you to accurately determine the likelihood of its continuation.
The creator of this tool claims that the price level is a reflection of the assessment of assets available to market participants at the time of trading. The RVI indicator compares the closing price level with the price range of a currency pair. The final result is displayed on the trading chart in a smoothed form using a moving average calculated using these values, which shows the average equilibrium value for the analyzed period of time.
To display the information described above, it is used, which has a period of 4. It acts as a signal line, which allows you to reduce possible uncertainty.
The RVI indicator includes two lines: a fast one with a green tint, which is responsible for the energy of market movement and market equilibrium in the analyzed period, as well as a slower red one, which displays the same indicators for a longer time period.
When bidding, it is necessary to pay attention to the location of these lines in relation to each other. If the green line of the indicator is above the red one, then this indicates that there are more buyers on the market, at this time it is recommended to create transactions for the purchase of currency. If the red line is above the green one, then this indicates that the market is dominated by sellers, at such moments it is recommended to create transactions for the sale of the currency.
The main difference between the RVI indicator and other similar instruments is that it does not display overbought/oversold zones. For this reason, I advise you to use this indicator in tandem with .
You can download the RVI indicator by clicking on the link below. 
Rules for using the RVI indicator
Due to the fact that this indicator displays cyclic price changes in the Forex market, it is recommended to use it when there is a trend. During consolidation in the Forex market, it is best to refuse to determine entry points for this indicator.
The intersection of the indicator lines signals a trend reversal.
When using this indicator, you should pay attention to the following signals:
- If the green line crosses the red one from the bottom up, then this is a sign that it is time to open a long position. Stop-Loss should be set near the last local low.
- If the green line crosses the red one from top to bottom, then this is a sign that it is time to open sell trades. Stop-Loss in this case must be set near the last local maximum.
In addition, the RVI indicator gives confirmation signals of the correctness of opening a deal. So, if the indicator lines rise up, then this indicates that an uptrend dominates the market, if they fall, it indicates a downtrend. So, for example, if you opened a buy deal when the lines crossed and then they began to increase, then the entry point was found correctly.
Cons of the RVI indicator
Like any other tool, the RVI indicator also has some drawbacks, which are a small delay and a large number of false signals. It is for these reasons that I strongly recommend that you use RVI paired with 1 or 2 indicators. It can be: or .
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