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Plotting the Relative Vigor Index Against a Moving Average

Article MQL5 code base
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Summary

This indicator displays the Relative Vigor Index (RVI) in the main price chart as a colored cloud, alongside a blue moving average. It exposes settings for the RVI period, smoothing method and depth, price input, and horizontal shift. The smoothing configuration includes additional parameters for particular averaging methods. The presentation is intended to make the relationship between the oscillator and moving average visible on the chart.

The document describes indicator inputs and a required smoothing library, but it does not explain trading signals, entry or exit rules, or test results. It therefore offers a charting tool rather than a complete strategy. The listed settings can be adjusted, but the text gives no guidance for choosing them or evidence that any configuration has predictive value.

Key ideas

  • The indicator overlays the RVI as a colored cloud in the main chart window.
  • A moving average is plotted alongside the RVI for visual comparison.
  • Users can configure the RVI period, smoothing approach, applied price, and chart shift.
  • The description gives no trading rules or performance evidence.

Tags

Technical indicatorsMomentum

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