HIGH, HIGH-2, HIGH-3 - maximal prices 1, 2 and 3 periods ago Then the 4-period symmetrically weighted moving average of a denominator is found: OPEN-1, OPEN-2, OPEN-3 - open prices 1, 2 and 3 periods ago. MovAverage = (CLOSE-OPEN) + 2 * (CLOSE-1 - OPEN-1) + 2 * (CLOSE-2 - OPEN-2) + (CLOSE-3 - OPEN-3)ĬLOSE-1, CLOSE-2, CLOSE-3 - close prices 1, 2 and 3 periods ago the 4-period symmetrically weighted average of a numerator is calculated: The first one is build the same as RVI, but instead of Close and Open price difference and High and Low price difference sums of 4-period symmetrically weighted moving averages are used. The indicator is calculated as the value equal to the actual price change for the period, normalized to the maximal range of price change for this period, for example a day or hour.ġ. However, the Vigor Index compares close levels relative to opening levels, and not the minimal price as is done by Stochastic. RVI is calculated similarly to Stochastic Oscillator. You can test the trade signals of this indicator by creating an Expert Advisor in MQL5 Wizard. Request a presentation of MetaTrader 5 for Hedge Funds.Request a presentation of MetaTrader 5 for Brokers.Professional trading in a couple of clicks.
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