The Adaptive Relative Vigor Index was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 140-141) and it does a pretty good job of capturing the peaks and valleys of the underlying data. There are several ways to read this particular indicator so for long term trades then buy when it goes above 0 and sell when it falls below 0 or for shorter term trades then buy when the indicator line turns green and sell when it turns red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
Hi, Sir, Is this indicator works on Indian NSE Stocks or Indices? I am from India & using Relative Strength Indicator.
Seen this indicator today.
Sir, can you please add 0.00 line in indicator? I saw source code, but it is read only. I can not add 0.00 line.
Adding this line can be great help to all the traders who are using this indicator.
Some times Stocks or Indices hover near or closed to 0.00 line. Once the RS line cross the 0.00 line in either direction,
Traders or Investor can take a decision for entry or exit.
Hope you will find comfortable for adding 0.00 line.
Thank you.
(Milind)
India.
blackcat1402
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Thanks for your quick response! This is excellent!
cheatcountry
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@blackcat1402, let me know if there are other indicators you would like to see and I should publish just as fast :)
@blackcat1402, You sure are giving me plenty to work on lol. The rvi script you mention is the same as mine but uses his other dominant cycle calculation instead
blackcat1402
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@cheatcountry, there are indeed a lot, just take your time. I found that the entire TV has no similar scripts. I wish you can take the lead :D