How to use the Relative Vigor Index indicator 📊

RVI analyzes the relationship between closing and opening prices within a trading period, represented by two lines: the main RVI line and its signal line, which is its moving average.

📈 When the RVI line crosses above the signal line, it indicates increasing bullish momentum, suggesting a potential upward trend and a good opportunity for a long position.

📉 When the RVI line crosses below the signal line shows growing bearish control, hinting at a downward trend and a sell or short signal.

❗️ The RVI not only confirms the strength of a trend but also identifies divergences that can signal possible reversals. For instance, if the price reaches new highs but the RVI does not, the trend might be losing strength, indicating a potential pullback or reversal ❗️

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