RVI
What is the Relative Volatility Index (RVI)?
The Relative Volatility Index (RVI) is a technical analysis indicator that measures the direction of volatility. It is based on the premise that during a market uptrend, volatility tends to be higher on the up days, and during a downtrend, volatility tends to be higher on the down days. The RVI is similar to the Relative Strength Index (RSI), but instead of measuring price movements, it focuses on volatility changes.
ADD RVI INDICATOR
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Search Relative Volatility Index in indicators
SET SOURCES & RANGES
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Use top and bottom levels according to criteria.
RESULT
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Example Backtest Chart