Relative Vigor Index (RVI)

The Relative Vigor Index (RVI) is a technical indicator that measures the strength of a trend. It is calculated by dividing the 14-day smoothed moving average of the 14-day smoothed moving average of the closing price by the 14-day smoothed moving average of the volume.

The RVI is a momentum indicator, which means that it measures the speed and strength of price movements. It is used to identify overbought and oversold conditions, and to generate buy and sell signals.

The RVI is typically used in conjunction with other technical indicators, such as the moving average convergence divergence (MACD) and the stochastic oscillator.

The RVI is a versatile indicator that can be used in a variety of trading strategies. It is a valuable tool for traders who are looking to identify potential trading opportunities and to manage their risk.

Here are some of the key features of the RVI:

* It is a momentum indicator that measures the strength of a trend.
* It is used to identify overbought and oversold conditions.
* It can be used to generate buy and sell signals.
* It is typically used in conjunction with other technical indicators.
* It is a versatile indicator that can be used in a variety of trading strategies.

The RVI is a valuable tool for traders who are looking to identify potential trading opportunities and to manage their risk. However, it is important to remember that no indicator is perfect, and the RVI should always be used in conjunction with other technical analysis tools.