Home » Relative Vigor Index (RVI)

Relative Vigor Index (RVI)

« Back to Glossary Index

Relative Vigor Index (RVI) is a technical indicator used to establish the level of energy, or vigor within the current market.

It s an oscillator based on the concept that prices tend to close higher than they open in uptrends and close lower than they open in downtrends.

When the market is up (bull), the closing price is generally of a higher level than the opening price of the market, with the opposite being true for a down (bear) market.

By using the Relative Vigor Index (RVI) to analyze the movements in price level between the open and close of the market, and by comparing this to results gained during subsequent and preceding days, we are able to ascertain the overall vigor of the market as so to better predict the outcome of certain trends.

Related
Parabolic

Parabolic describes a market that moves a great distance in a very short period of time, frequently moving in an accelerating Read more

Bitcoin Block

Blocks are data structures within the blockchain database, where transaction data in a cryptocurrency blockchain are permanently recorded. A block records Read more

Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

XM Bonus