Relative Vigor Index – RVI

What Does Relative Vigor Index – RVI Mean?

An indicator used in technical analysis that measures the conviction of a recent price action and the likelihood that it will continue. The RVI compares the positioning of a security’s closing price relative to its price range, and the result is smoothed by calculating an exponential moving average of the values.

The indicator is calculated by using the following formula:

Relative Vigor Index (RVI)

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