CVI: Moving-Average Deviation Normalized by ATR
Summary
The document describes a CVI oscillator that measures how far price has moved from a moving average while accounting for the Average True Range. This normalization relates the deviation to recent volatility, so the oscillator is intended to express price displacement in volatility-aware terms. It refers to both an unmodified and a modified calculation algorithm.
Users can configure the lookback period, moving-average method, price input, algorithm choice, and overbought and oversold levels. The description provides no equations, threshold values, chart readings, trading rules, or performance evidence, so it is not possible to assess how the modified calculation differs or whether the indicator offers an advantage. It can be understood as a configurable technical measure of relative price extension, rather than a tested standalone strategy.
Key ideas
- CVI gauges price deviation from a moving average with ATR taken into account.
- The indicator offers an original and a modified calculation mode.
- Its inputs include the period, moving-average method, and price used in the calculation.
- Overbought and oversold levels are configurable, but the document does not specify recommended values.
- The description provides no performance results or enough formula detail to compare the two modes.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.