RVI Bitcoin Analysis & Relative Vigor Index Signals

Created by John Ehler

The Relative Vigor Index combines the older concepts of analysis with modernized digital trade signal processing theories & filters to create a practical & useful technical indicator.

The basic principle behind it's simple -

Bitcoin Prices tend to close higher than they open in up-trending markets and
Bitcoin Prices close lower than they open in down-trending markets.

The force (vigor) of the move will therefore established by where the bitcoin prices end up at the close of the candlestick. The Relative Vigor Index plots two lines the RVI Line and the trading signal Line.

The RVI index is essentially based on measuring of the average difference between the closing & opening bitcoin price, & this value then is averaged to the mean daily range and then drawn.

Relative Vigor Index Bitcoin Indicator - Relative Vigor Index Crypto Indicator

This makes the index a responsive oscillator that has quick turning points that are in phase with the btcusd market cycles of bitcoin prices.

BTCUSD Analysis and Generating Signals

The Relative Vigor Index is an oscillator indicator. Basic technique of analyzing the index is to use the crossovers of the RVI & the SignalLine. The Signals are generated when the there is a cross-over of the two lines.

Bullish Signals - a buy cryptocurrency signal occurs when the RVI crosses above the SignalLine.

Bearish Signals - a sell cryptocurrency signal happens when the RVI crosses below the Signal-line.

Ehlers Relative Vigor Index Bitcoin Indicator - Relative Vigor Index BTCUSD Indicator

Buy & sell signals generated using the cross-over method

More Tutorials:

Trade Bitcoin Trading

RVI Bitcoin Analysis & Relative Vigor Index Signals

BTCUSD Analysis and Generating Signals