GlossaryAdvanced
Relative Vigor Index (RVI)
An oscillator comparing a period's closing price to its opening price, relative to its trading range, based on prices closing higher in uptrends.
The Relative Vigor Index (RVI) compares each period's closing price to its opening price, scaled relative to that period's trading range, based on the underlying idea that prices in a genuine uptrend tend to close noticeably higher than they open, and the reverse in a downtrend.
It's smoothed and commonly paired with its own signal line, with a crossover between the two used similarly to how a MACD crossover is interpreted. See Kaavon's dedicated RVI article for the full calculation.
Examples
- RVI is built from the relationship between a period's open and close, distinct from indicators built purely from the high-low range or closing price alone.
- RVI crossing above its own signal line is interpreted similarly to a MACD crossover, as a shift toward stronger directional conviction.