Relative Vigor Index
Compares close-open movement with the high-low range and smooths the result.
Start with the input, not the story.
Whether closes tend to finish above or below opens relative to range.
The precomputed panel follows a smoothed Relative Vigor Index and its signal line around zero. The crosses and positive or negative readings are faithful to the idea, although exact weighting can differ between platforms.
Thin or erratic candles can distort the ratio. Avoid filling the panel with several momentum tools built from the same prices.How traders commonly use Relative Vigor Index
RVI can be studied as a completed-candle momentum confirmation within a direction that was defined independently.
Compare smoothed close-open movement with smoothed high-low range.
Keep this job separate from entry timing, stop placement and position size.
A useful counterexample
A line cross on thin or erratic candles may add little, especially when several other price-derived oscillators are already present.
EMA for direction, RVI for bar pressure, ATR for scale
Each part has a different job. If two tools answer the same question, remove one and compare the result.
Defines the independent trend context.
Measures smoothed close-open pressure relative to range.
Flags abnormal range and scales invalidation.
Follow the same order every time
- Freeze the RVI period and signal-line rule.
- Wait for both lines and the price candle to complete.
- Record EMA direction separately from the RVI observation.
- Exclude or tag abnormally thin and wide candles using ATR.
- Compare the same method using RVI, RSI and no oscillator to check redundancy.
The indicator is one part of the method
These strategy pages show the market conditions, entry, stop and exit around the indicator.
Trend pullback
Research whether shallow retracements inside an objective trend resume in its direction.
- ENTRY
- After eligibility is true, place a market order at the next H1 open when the signal candle closes beyond the highest high of the previous two pullback bars for a long, or below their lowest low for a short.
- STOP
- Place the stop 0.25 × ATR(14) beyond the pullback extreme. Size so entry-to-stop risk equals 0.50% of demo equity, rounded down to 0.01 lot; never widen the stop.
- EXIT
- Place a fixed target at 2R immediately after entry. If neither stop nor target trades first, exit at market after 24 completed H1 bars.
EMA and ADX trend filter
Combines direction from an EMA with a non-directional trend-strength filter.
- ENTRY
- Enter at the next H4 open after the eligible boundary close.
- STOP
- Stop 1.5 × ATR(14) from fill. Risk 0.50% equity and round down to 0.01 lot.
- EXIT
- Take profit at 2R. Exit early at next open after a completed close crosses EMA(50) against the position.
Multi-timeframe continuation
Aligns a higher-timeframe state with a lower-timeframe trigger without peeking into unfinished bars.
- ENTRY
- Enter at the next M15 open after a candle closes back across EMA(20) in the H4 direction and beyond the prior M15 candle high/low.
- STOP
- Place stop 0.25 × M15 ATR(14) beyond the pullback extreme; risk 0.35% of equity and round down to 0.01 lot.
- EXIT
- Take profit at 2R. Exit early only when a completed M15 candle closes through the stop-side pullback extreme; close unresolved trades after 24 M15 bars.
Set up Relative Vigor Index on your platform
Match the lesson's period, price input, smoothing and candle timing. Similar names can still produce different values across feeds and platforms.
MT4
Built inAvailable in the standard MT4 indicator library. Names and default settings can differ.
MT4 technical analysisWickAtlas MT4 setup guideMT5
Built inAvailable in the standard MT5 indicator library. Names and default settings can differ.
MT4 and MT5 comparisonWickAtlas MT5 setup guideTradingView
Built inAvailable in the standard TradingView indicator library. Names and default settings can differ.
TradingView indicatorsWickAtlas TradingView guide“Built in” means the standard platform library contains the underlying indicator. It does not mean its defaults or calculation match every third-party version. Compare the platforms.
Plain-language formula
The same indicator can look slightly different across platforms because the price input, smoothing and rounding may change. Note your settings before comparing two charts.
Where it may help
Researching confirmation inside an already defined directional regime.
Where it struggles
Thin or erratic bars and rules based only on line crosses.
What to pair it with
Pair it with something that answers a different question, such as volatility or market direction. Try the indicator on its own before adding more tools.
The shortcut to avoid
Adding it beside several other price-derived momentum oscillators.
Try this on a chart
Compare it directly with RSI and MACD to detect redundancy.