DayRVI: Automatically Setting the Relative Vigor Index Period

Summary

DayRVI is an intraday Relative Vigor Index indicator whose lookback period is set automatically from the number of bars in the current day. It is intended for chart timeframes from one minute to one day, with the recommendation to use it as an input to intraday trading decisions.

The document gives no formula, signal thresholds, trading rules, or performance evidence. It notes that the first calculation may take some time, and offers no guidance on interpreting readings or validating the indicator. Traders would need to assess its behavior and test any rules built around it independently.

Key ideas

• The indicator adjusts its calculation period according to the number of bars in the current day.
• It is presented for use on timeframes from one minute through one day.
• The author recommends it as an aid to intraday decisions.
• Initial calculation may take time, and no performance results are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.