Get started
anoojpatel

Relative Vigor Index with Dominant Cycle Detection (RVI)

anoojpatel  
Relative Strength Index (RSI) Trend Analysis Volatility Relative Vigor Index (RVGI) RVI relative index ehlers dominant cycle
302
5
relativestrengthindex trendanalysis volatility rvgi rvi relative index ehlers dominant cycle
Relative Vigor Index with Dominant Cycle Detection. As Ehler's mentioned, fixed length look back is inherently flawed when it is possible to extract a length from a dominant price cycle. may be less effective if signal to noise ratio is greater than 2, but that usually would not happen at >5m candles, and honestly shouldn't be looking at RV(igor)I when price is moving sideways.


Read just like an RVGI, but adjusted to the current time frame. To reduce noise, changing to heiken ashi will help with signals as well. Let me know if there are improvements!



Made for JD, the OG.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?