Free strategy again.
This strategy consists of 2 indicators I think works well with each other as a trend following strategy.
The 2 indicators are Renko chart and Relative Vigor Index.
This is a long-only breakout strategy that aims to capture the majority of the trend.
Works well on BTCUSD XBTUSD, as well as other major liquid Pair.
// FOREXCAKEMIX INDICATOR- RELATIVE VIGOR INDEX (RVI) - Automatic Indicator
// INGREDIENTS : RELATIVE VIGOR INDEX (RVI)
// RELATIVE VIGOR INDEX (RVI)
// This indicator could be used in conjunction with other indicators and can also be utilised for back testing purposes.
// Peace & Love,
Here we are looking at a trend strength indicator based on the Relative Vigor Index(RVI). The RVI measures trend strength by comparing the open-close and high-low ranges for the current and three most recent periods. As a zero-centered oscillator, the RVI oscillates above and below zero to signal the strength of the trend.
As there are different ways to interpret...
This is Relative Vigor Index stochasticized and Fisher transformed by John F. Ehlers. It can be interpreted that signals appear when RVI (blue) crosses the Trigger (red). Another way of interpretation I found, is lookin at Zero-Line crossings. Some people looking for the tops and the bottoms of this indicator.
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