The Relative Vigor Index was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 58) and this is a momentum indicator that is similar to the Accumulation Distribution Oscillator created by Jim Waters and Larry Williams. He uses digital signal processing to smooth the indicator to provide clear buy and sell signals. The idea behind this indicator...
Level: 2
Background
John F. Ehlers introuced Relative Vigor Index in his "Cybernetic Analysis for Stocks and Futures" chapter 6 on 2004.
Function
Relative Vigor Index (RVI) uses concepts dating back over three decades and also uses modern filter and digital signal processing theory to realize those concepts as a practical and useful indicator. The RVI merges...
Here we are looking at a trend strength indicator based on the Relative Vigor Index(RVI). The RVI measures trend strength by comparing the open-close and high-low ranges for the current and three most recent periods. As a zero-centered oscillator, the RVI oscillates above and below zero to signal the strength of the trend.
As there are different ways to interpret...
![AAPL: Ehlers Relative Vigor Index [CC]](https://s3.tradingview.com/x/xkBxwve0_mid.png "Ehlers Relative Vigor Index [CC]")
![XAGUSD: [blackcat] L2 Ehlers Relative Vigor Index](https://s3.tradingview.com/z/zQX9bXz8_mid.png "[blackcat] L2 Ehlers Relative Vigor Index")
