ERVI – indicator for MetaTrader 5

  • A+
category:MT5 INDICATORS

Oscillator ERVI (Ehlers' Relative Vigor Index) based on the relative vigor index by John F. Ehlers.

It has one input parameter:

  • Period - calculation period.

Calculations:

RVI[i] = Num/Denom
Signal[i] = (RVI[i] + 2*RVI[i-1] + 2*RVI[i-2] + RVI[i-3])/6

where:

Num = SMA(Value1, Period) Denom = SMA(Value2, Period) Value1[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 Value2[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

ERVI - indicator for MetaTrader 5

Comment

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen: