Relative Vigor Index Indicator: Oscillator for Momentum Confirmation

Explore the Relative Vigor Index, a momentum oscillator that enhances trading strategies by confirming market trends and momentum shifts.

The Relative Vigor Index (RVI) is a that helps traders assess market trends by comparing a security's closing and opening prices. It works on the principle that prices typically close higher than they open during uptrends and lower during downtrends. The RVI uses smoothed averages to reduce noise, providing more reliable signals.