TradingView
delita1940
Aug 26, 2020 8:05 PM

RVI trend confirmation 

OANDA:EURUSD1D
EUR/USDOANDA

Description

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Uses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.

HOW to read the indicator:
  • Blue or value 1 = bull trend confirmation
  • Red or value -1 = bear trend confirmation
  • Gray or value 0 = choppy market


Combine this with another indicator in order to confirm whether a trend is starting.

Release Notes

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v2. just updated using the original RVI trading view formula
VolatilityRVItrendconfirmation
Comments
sickojacko
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Cool script. I guess it's for NNFX.
Was the intent to use it as a C1+continuation indicator, or as a standalone continuation indicator ? Or something else ?
Did you have good results with it ?
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