OPEN-SOURCE SCRIPT
Inertia Indicator
The inertia indicator measures the market, stock or currency pair momentum and
trend by measuring the security smoothed RVI (Relative Volatility Index).
The RVI is a technical indicator that estimates the general direction of the
volatility of an asset.
The inertia indicator returns a value that is comprised between 0 and 100.
Positive inertia occurs when the indicator value is higher than 50. As long as
the inertia value is above 50, the long-term trend of the security is up. The inertia
is negative when its value is lower than 50, in this case the long-term trend is
down and should stay down if the inertia stays below 50.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
trend by measuring the security smoothed RVI (Relative Volatility Index).
The RVI is a technical indicator that estimates the general direction of the
volatility of an asset.
The inertia indicator returns a value that is comprised between 0 and 100.
Positive inertia occurs when the indicator value is higher than 50. As long as
the inertia value is above 50, the long-term trend of the security is up. The inertia
is negative when its value is lower than 50, in this case the long-term trend is
down and should stay down if the inertia stays below 50.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.