Simple Trend Following Forex Relative Vigor Index with Profit Suprame Custome Indicators (RVI)

Forex Relative Vigor Index with Profit Suprame Custome Indicators is a trend following strategy for trading intraday based on trend indicators.

 
‘Relative Vigor Index – RVI’ – An indicator used in technical analysis that measures the conviction of a recent price action and the likelihood that it will continue. The RVI compares the positioning of a security’s closing price relative to its price range, and the result is smoothed by calculating an exponential moving average of the values.

The indicator is calculated by using the following formula:

 

The RVI indicator is calculated in a similar fashion to the stochastic oscillator, but the vigor index compares the close relative to the open rather than to the low.

Traders expect the RVI value to grow as the bullish trend gains momentum because in this type of environment, a security’s closing price tends to be at the top of the range while the open is near the low of the day.

Forex RVI System Metatrader Indicators:

• Relative Vigor Index
• Momentum
• Closing,
• Forex Profit Supreme bar,
• Forex Profit Supreme signal,
• Forex Profit Supreme clock,
• Forex Profit Supreme dline,
• Forex Profit Supreme filter,
• T3 Clean 13 period,
• Snake indicator default setting .

Best Time Frame : 15 min or higher.

Markets: Currency pairs majors and Indicies.

 

As a trader, you have probably heard the old adage that it is best to trade with the trend. The trend, say all the pundits, is your friend. So…. Trades only in direction of the trend.

 

• T3 clean above the Snake,
• Signal arrow buy,
• Forex profit supreme bar green ,
• Forex profit supreme Dline red bar,
• Filter blue bar,
• RVI upward
• Momentum upward and above 100 line
• Nihilist Ultra ADX green

 

• T3 clean belove the Snake,
• Signal arrow sell,
• Forex profit supreme bar red ,
• Forex profit supreme Dline red bar,
• Filter red bar,
• RVI downward
• Momentum downward and below 100 line
• Nihilist Ultra ADX red

 

Exit position at the closing signal or make profit when filter changes color.