RVSI — Library by MightyZinger

Library "RVSI"
This Library contains functions that calculate all types of "Relative Volume Strength Index (MZ RVSI)" depending upon unique volume oscillator. Achieved RVSI value can be used for divergence detection in volume or to adapt dynamic length in Moving Averages or other functions.

rvsi_tfs(vol_src, vol_Len, rvsiLen, _open, _close) Relative Volume Strength Index based on TFS Volume Oscillator
Parameters:
vol_src: Volume Source
vol_Len: Volume Legth for TFS Volume Oscillato
rvsiLen: Period of Relative Volume Strength Index
_open: Ticker Open Value
_close: Ticker Close Value
Returns: Relative Volume Strength Index value based on TFS Volume Oscillator

rvsi_obv(vol_src, rvsiLen, _close) Relative Volume Strength Index based on On Balance Volume
Parameters:
vol_src: Volume Source to Calculate On Balance Volume
rvsiLen: Period of Relative Volume Strength Index
_close: Ticker Close Value
Returns: Relative Volume Strength Index value based on On Balance Volume

rvsi_kvo(vol_src, FastX, SlowX, rvsiLen, _close) Relative Volume Strength Index based on Klinger Volume Oscillator
Parameters:
vol_src: Volume Source
FastX: Volume Fast Length
SlowX: Volume Slow Length
rvsiLen: Period of Relative Volume Strength Index
_close: Ticker Close Value
Returns: Relative Volume Strength Index value based on Klinger Volume Oscillator

rvsi_vzo(vol_src, zLen, rvsiLen, _close) Relative Volume Strength Index based on Volume Zone Oscillator
Parameters:
vol_src: Volume Source
zLen: Volume Legth for Volume Zone Oscillator
rvsiLen: Period of Relative Volume Strength Index
_close: Ticker Close Value
Returns: Relative Volume Strength Index value based on Volume Zone Oscillator

rvsi_cvo_obv(vol_src, ema1len, ema2len, rvsiLen) Relative Volume Strength Index based on Cumulative Volume Oscillator with On Balance Volume as Calculations Source
Parameters:
vol_src: Volume Source
ema1len: EMA Fast Length
ema2len: EMA Slow Length
rvsiLen: Period of Relative Volume Strength Index
Returns: Relative Volume Strength Index value based on Cumulative Volume Oscillator with On Balance Volume as Calculations Source

rvsi_cvo_pvt(vol_src, FastX, SlowX, rvsiLen) Relative Volume Strength Index based on Cumulative Volume Oscillator with Price Volume Trend as Calculations Source
Parameters:
vol_src: Volume Source
FastX: EMA Fast Length
SlowX: EMA Slow Length
rvsiLen: Period of Relative Volume Strength Index
Returns: Relative Volume Strength Index value based on Cumulative Volume Oscillator with Price Volume Trend as Calculations Source

rvsi_cvo_cvd(vol_src, FastX, SlowX, rvsiLen, _open, _close, _high, _low) Relative Volume Strength Index based on Cumulative Volume Oscillator with Cumulative Volume Delta as Calculations Source
Parameters:
vol_src: Volume Source
FastX: EMA Fast Length
SlowX: EMA Slow Length
rvsiLen: Period of Relative Volume Strength Index
_open: Ticker Open Value
_close: Ticker Close Value
_high: Ticker High Value
_low: Ticker Low Value
Returns: Relative Volume Strength Index value based on Cumulative Volume Oscillator with Cumulative Volume Delta as Calculations Source

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House Rules.

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