Updated
RVI trend confirmation
Uses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.
HOW to read the indicator:
Combine this with another indicator in order to confirm whether a trend is starting.
HOW to read the indicator:
- Blue or value 1 = bull trend confirmation
- Red or value -1 = bear trend confirmation
- Gray or value 0 = choppy market
Combine this with another indicator in order to confirm whether a trend is starting.
Release Notes
v2. just updated using the original RVI trading view formula
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.