Dear friends, (RVI) Relative Vigor Index aik momentum indicator ha jo stochastic oscillator kay boht similar work karta ha, laikin is ma aik difference hai kay ye kisi period ki low price ki bajay closing price ko compare karta ha, ye is concept par mabni hota ha kay uptrends ma prices apnay opening points sa above close hoti hain aur downtrend ma apnay open sa low close hoti hain,
Relative Vigor Index ki appearence and details:
Jaisa kay Relative Vigor Index Oscillator ki category ma ata ha, is liay ye indicator three lines ki surat ma show hota ha,
1. Neutral level
2. Relative Vigor Index line
3. signal line
RVI aur price action kay darmian divergence trend kay change honay ki indication daiti hay, Uptrend ma potential buying oppertunities us waqt zahir hoti hain jab RVI signal line kay above cross karta ha aur downtrend ma sell signals us waqt miltay hain jab RVI signal line kay below cross karta ha, iski value positive or negative value kay darmian ma move karti rehti ha is liay he isko oscillator kaha jata ha, is ma centre line zero hoti hai aur agr ye high value ko interept karta hai to ye overbought condition ko show karta hai or selling signal farham karta hai. Low value kay case ma strong over sold state mo show karta hai ya buying signal daita ha
Calculation process and formula used for RVI:
Is indicator ki calculations kay liay simple steps hotay hain, jin main first trader N periods ko choose karta hai jo default 14 value hoti hai aur 10 value ko bi prefer kiya jata hai. Then.
RVI = (close-open)/(high-low) with N periods.
Relative vigor index indicator 2 fluctuating curves par mabni hota hai. Green line jo kay smoother RVI value ko show karta hai or red signal line hoti ha, RVI ki calculation kay liay hmain pehlay certain periods ko identify kar kay examine karna hota ha, normaly ye period 10 hota ha lakin traders isko apni strategy kay mutabik bhi choose kar saktay hain, us kay baad hmain perticular baar ki open, close, high aur low values ko identify karna hota ha, us kay baad previous periods ki bhi ye hi values janchtay hain, yeh indicator ko leading indicator kay tor par use kiya jata hai. Secondly ye oscillator change in trend ko bi indicate karta ha
How to apply and interpret RVI:
Normaly RVI market ki overbought aur oversold state main janay kay baray main btata hay aur is time par trader ko signal deta hai jab ye price chart kay sath diverge ho jata ha, is main traders RVI indicator kay sath market kay trend ma potential changes ko examine kartay hain jo current price ki divergence kay sath milti hain aur specific entry aur exit points ko traditional trend lines kay sath identify kartay hain, RVI aur price kay darmian divergence ye show karti hay kay RVI kay trend ki direction ma changing near ha, signal line sa above crossover bullish indications daita ha, jab kay below crossover bearish signals day ga, is liay agr RVI fall karta ha to prices rise karti hain,
Relative Vigor Index ki appearence and details:
Jaisa kay Relative Vigor Index Oscillator ki category ma ata ha, is liay ye indicator three lines ki surat ma show hota ha,
1. Neutral level
2. Relative Vigor Index line
3. signal line
RVI aur price action kay darmian divergence trend kay change honay ki indication daiti hay, Uptrend ma potential buying oppertunities us waqt zahir hoti hain jab RVI signal line kay above cross karta ha aur downtrend ma sell signals us waqt miltay hain jab RVI signal line kay below cross karta ha, iski value positive or negative value kay darmian ma move karti rehti ha is liay he isko oscillator kaha jata ha, is ma centre line zero hoti hai aur agr ye high value ko interept karta hai to ye overbought condition ko show karta hai or selling signal farham karta hai. Low value kay case ma strong over sold state mo show karta hai ya buying signal daita ha
Calculation process and formula used for RVI:
Is indicator ki calculations kay liay simple steps hotay hain, jin main first trader N periods ko choose karta hai jo default 14 value hoti hai aur 10 value ko bi prefer kiya jata hai. Then.
RVI = (close-open)/(high-low) with N periods.
Relative vigor index indicator 2 fluctuating curves par mabni hota hai. Green line jo kay smoother RVI value ko show karta hai or red signal line hoti ha, RVI ki calculation kay liay hmain pehlay certain periods ko identify kar kay examine karna hota ha, normaly ye period 10 hota ha lakin traders isko apni strategy kay mutabik bhi choose kar saktay hain, us kay baad hmain perticular baar ki open, close, high aur low values ko identify karna hota ha, us kay baad previous periods ki bhi ye hi values janchtay hain, yeh indicator ko leading indicator kay tor par use kiya jata hai. Secondly ye oscillator change in trend ko bi indicate karta ha
How to apply and interpret RVI:
Normaly RVI market ki overbought aur oversold state main janay kay baray main btata hay aur is time par trader ko signal deta hai jab ye price chart kay sath diverge ho jata ha, is main traders RVI indicator kay sath market kay trend ma potential changes ko examine kartay hain jo current price ki divergence kay sath milti hain aur specific entry aur exit points ko traditional trend lines kay sath identify kartay hain, RVI aur price kay darmian divergence ye show karti hay kay RVI kay trend ki direction ma changing near ha, signal line sa above crossover bullish indications daita ha, jab kay below crossover bearish signals day ga, is liay agr RVI fall karta ha to prices rise karti hain,
