Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Relative Vigor Index (RVI indicator)

Information is not investment advice

The Relative Vigor Index (RVI) measures the strength of a trend by comparing an asset’s closing price to its trading range and smoothing the results. 

The indicator is based on the idea that in a bull market the closing price is, in general, higher than the opening price. In this, the RVI resembles the Stochastic Oscillator. The difference between the two is in the fact that the RVI compares the close relative to the open rather than the close relative to the low.

How to implement in the MetaTrader

The RVI is included in the MetaTrader default indicator kit, so you don’t need to download it. Go to “Insert”, find “Indicators” and then “Oscillators” – and you will see the RVI. The indicator will appear in a  separate window below the price chart.

RVI in the MetaTrader

The reading of 10 is considered the most suitable period. The indicator has 2 lines. One is the RVI line itself, the other is a signal line which is a moving average of the indicator with the period of 4.  

How to interpret RVI indicator

The RVI oscillates across a center line. It is interpreted in the same way as many other oscillators, for example, MACD and RSI. In particular, the RVI shows when the market is overbought or oversold and sends signals when it diverges with the price chart.

Overbought/oversold conditions. If the market is flat, look for the RVI to exit the overbought (high) or oversold (low) areas for a signal to sell/buy. Note that the indicator doesn’t offer exact levels for overbought and oversold areas, so traders need to figure this out themselves. It addition, it’s necessary to remember that oscillators can remain at extreme levels over a prolonged period of time. 

Signal line crossovers. Watch for crossovers between the RVI and the signal line. When the indicator rises above the signal line, it’s a bullish sign. When the indicator goes below the signal line, it’s a bearish sign. 

Relative Vigor Index and signal line

Convergence/divergence. If a new price high is higher than the previous one, while the new RVI high is lower than the previous one (bearish divergence), look for the RVI to cross the signal line to the downside and then sell. If a new price low is below the previous one, while the new RVI low is higher than the previous one (bullish divergence), look for the RVI to cross the signal line bottom-up and then buy.

Relative Vigor Index chart

Relative Vigor Index is useful for trading but may give false signals, so it has to be used in combination with other indicators and trading tools.

Popular

The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

The UK Speeds Up Tightening

The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.

Is Australia Ready for More Hikes?

The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later