Relative Vigor Index MetaTrader 4 Forex Indicator purpose is that on the bull market the closing price is, as a rule, higher, than the opening price.It is the other way round on the bear market. So the idea behind Relative Vigor Index is that the vigor, or energy, of the move is thus established by where the prices end up at the close. To normalize the index to the daily trading range, divide the change of price by the maximum range of prices for the day. To make a more smooth calculation, one uses a symmetrically weighted moving average of the differences of the closing and openings prices, as well as maximum and minimum prices of the bar.
Relative Vigor Index MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Relative Vigor Index – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install Relative Vigor Index indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Relative Vigor Index to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Relative Vigor Index for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Relative Vigor Index Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete.
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