RVI trend confirmation

26 באוג׳ 2020

Uses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.

HOW to read the indicator:

• Blue or value 1 = bull trend confirmation
  
• Red or value -1 = bear trend confirmation
  
• Gray or value 0 = choppy market
  

Combine this with another indicator in order to confirm whether a trend is starting.

26 באוג׳ 2020

הערות שחרור

v2. just updated using the original RVI trading view formula