RVI Histogram Alerts on Main and Signal Line Crossings
Summary
The document describes an alert-enabled Relative Vigor Index histogram indicator. It signals when the main and signal lines intersect and the signal cloud changes color, and it can send notifications through sound, email, or push messages. Its settings include the RVI period, upper and lower threshold levels, a horizontal shift, the bar used to trigger a signal, and alert count and delivery options.
The listed defaults set a 14-period RVI, thresholds at +0.3 and −0.3, and enable sound alerts while leaving email and push notifications off. The text gives a brief description and input parameters rather than a full explanation of the RVI calculation, crossover interpretation, or a trading system. It provides no backtest, performance evidence, or guidance on how to filter signals, so the alert should be understood as a notification mechanism rather than a validated entry or exit rule.
Key ideas
- The indicator alerts when the RVI main and signal lines cross alongside a signal-cloud color change.
- Alerts can be configured for sound, email, and mobile push notifications.
- Inputs include the calculation period, threshold levels, bar shift, and signal bar.
- The document provides no backtest or evidence that its alerts predict profitable trades.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.