ERVI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources

Oscillator ERVI (Ehlers Relative Vitality Index) is based on John F. Ehlers' Relative Vitality Index.

It has one input parameter:

 RVI[i] = digital/fractional signal[i] = (RVI[i] + 2*RVI[i-1] + 2*RVI[i-2] + RVI[i-3])/6

Where:

 Num = SMA(value 1, period)
Face value = SMA(value2, period)
Value 1[i] = ((Close[i] - Open[i]) + 2*(Close[i-1] - Open[i-1]) + 2*(Close[i-2] - Open[i-2]) + (Close[i-3] - Open[i-3]))/6
Value 2[i] = ((High[i] - Low[i]) + 2*(High[i-1] - Low[i-1]) + 2*(High[i-2] - Low[i-2]) + (High[i-3] - Low[i-3]))/6
 Attachment download
 📎ervi.mq5 (9.51 KB)
 Source: MQL5 #20798