Indicator Formula
Technical Details — Relative Vigor Index (RVI)
Section titled “Technical Details — Relative Vigor Index (RVI)”Overview
Section titled “Overview”The Relative Vigor Index calculation produces a n unbounded oscillator measuring momentum.
Mathematical Derivation
Step 1 — Calculate RVI
Section titled “Step 1 — Calculate RVI”Purpose: Derive the Relative Vigor Index value.
See the Relative Vigor Index formula derivation in technical references.
Where:
- Period parameters control lookback sensitivity
What This Measures: Momentum strength and direction
Compact Formula Summary
Refer to Relative Vigor Index formula for compact notation.
Defaults: Period = 10 bars
Complete Calculation Example
See the Relative Vigor Index technical documentation for worked calculation examples.
Key Takeaways from the Example
- Period sensitivity: Shorter periods = more signals, longer = smoother
- Threshold selection: Adjust based on asset volatility
- Signal line: Smoothed version for crossover timing