Real RVI - Market Relative Strength Index (Vitality) - MetaTrader 5 Script - MT4/MT5 Resources
Real author:
An alternative to the standard RVI indicator that takes trading volume into account.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on June 15, 2010.
Figure 1 Real RVI indicator
Attachment download
📎trvi.mq5 (7.86 KB)
Source: MQL5 #1157
Real RVI - Market Relative Strength Index (Vitality) - MetaTrader 5 script usage and screening recommendations
Real RVI - Market Relative Strength Index (Vitality) - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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