Introduction to Relative Vigor Index
In 1993 Donald Dorsey developed the RVI indicator. Then, in 1995, the author updated it into the current version. RVI belongs to the broad Oscillator group of indicators. It helps traders determine market conditions that are overbought and oversold.
What is Relative Vigor Index?
How do you Calculate Relative Vigor Index?
Types of Relative Vigor Index Trade Signals
How do You Use Relative Vigor Index?
What are the Limitations When Using Relative Vigor Index?
Logic and Detailed description of RVI indicator
How can you Identify RVI Indicator’s Trading Signals?
Around $5 trillion of forex transactions are performed daily, which is an average of $220 billion per hour. The market consists of institutions, corporations, governments, and currency speculators. Speculation accounts for approximately 90% of the volume of trading and a large majority of this is concentrated on the US dollar, euro, and yen.