Utilizing RVI Indicator:
The Vigor that is general Index to spot the reinforcement of cost changes (therefore could be utilized within convergence/divergence patterns analysis):
- Generally the greater the indicator climbs, the stronger is the present price increase that is general
- Generally speaking the lower the indicator falls, the stronger could be the current cost fall that is relative.
- Along with its signal line (Red), a 4-period average that is moving of, the indicator (Green) might help to identify alterations in prevailing price developments:
- Crossing the signal line from above, the RVI signals a sell possibility that is possible
- Crossing the signal line from below, the RVI signals a buy possibility that is possible.
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