Type: Oscillator

Introduction: The relative VIGOR index was mentioned for the first time in an article January expenditure in 2002 from 2002 of Stocks and Commodities. This indicator is an oscillator and bases on the formula (CL - OP) / (HI - LO).
 

Statement:

Formula/calculation:
RVI=(CL - OP) / (HI - LO)

CL = closing market price
OP = opening market rate
LO = the lowest market price of the day
HI = day's high

Interpretation: TBD

Default setting: 14 days
Overbought: more than 70%
Oversold: less than 30%