Relative Vigor Index

The Relative Vigor Index indicator is as an oscillator type, the values fluctuate between positive and negative values. Similar to the stochastic oscillator but the closing price is compared with the Open instead of the Low price for the given period. It is typically designed together with a weighted moving average. High values are interpreted as a strong selling signal, and low values, a strong buying signal. If the trend is bullish it will grow with momentum.