An index that is based on the assumption that the closing price of a trade in a rising market is greater that the opening price, and the closing price in a bearish market is lower than the opening price. Used to analyze and determine the market price trend for investment purposes. Formula: RVI= (Close - Open) / (High - Low)

Related information about Relative Vigor Index (RVI):

1. Relative Vigor Index (RVI) Definition | Investopedia
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8. What is Relative Vigor Index (RVI)? definition and meaning
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