RVI trend confirmation
Uses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.
HOW to read the indicator:
Combine this with another indicator in order to confirm whether a trend is starting.
HOW to read the indicator:
- Blue or value 1 = bull trend confirmation
- Red or value -1 = bear trend confirmation
- Gray or value 0 = choppy market
Combine this with another indicator in order to confirm whether a trend is starting.
Phát hành các Ghi chú:
v2. just updated using the original RVI trading view formula