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Relative Vigor Index for Metastock
Rating:
5 / 5 (Votes 1)
Tags:
metastock, oscillator
Trader Tips – Janurary 2002 – S & C Magazine
The Relative Vigor Index (RVI), presented by John Ehlers in his article in this issue, can be easily recreated in MetaStock 6.52 or higher. To recreate the RVI in MetaStock, select the Indicator Builder from the Tools menu, then click “New” and enter the following formula:
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Indicator / Formula
Copy & Paste Friendly
ti:=Input("length",2,20,10);
v1:=((C-O)+(2*Ref(C-O,-1))+(2*Ref(C-O,-2))+Ref(C-O,-3))/6;
v2:=((H-L)+(2*Ref(H-L,-1))+(2*Ref(H-L,-2))+Ref(H-L,-3))/6;
temp:=If(Sum(v2,ti)=0,0.0001,Sum(v2,ti));
rv:=Sum(v1,ti)/temp;
rvsig:= (rv+Ref(2*rv,-1)+Ref(2*rv,-2)+Ref(rv,-3))/6;
rv;
rvsig0 comments
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