Relative Volume Strength Index

2020년 5월 10일

RVSI is an alternative volume-based indicator that measures the rate of change of average OBV.

How to read a chart using it?

• First signal to buy is when you see RVSI is close to green oversold levels.
  
• Once RVSI passes above it's orange EMA, that would be the second alert of accumulation.
  
• Be always cautious when it reaches 50 level as a random statistical correction can be expected because of "market noises".
  
• You know it's a serious uptrend when it reaches above 75 and fluctuates there, grading behind EMA.
  
• The best signal to sell would be a situation where you see RVSI passing below it's EMA when the whole thing is close to Red overbought level
  

It looks simple, but it's powerful!
I'd use RVSI in combination with price-based indicators.

2020년 6월 7일

릴리즈 노트

Update:
Added visual intuitiveness

2020년 6월 7일

릴리즈 노트

upd

2020년 8월 24일

릴리즈 노트

Effective increase in responsiveness due to a slight change in formula.

2024년 9월 8일

릴리즈 노트

• Color-coded rate of change relative to its linear regression
  
• Changed formula to enhance the responsiveness