OPEN-SOURCE SCRIPT
RVGI zero cross
Relative Vigor index zero cross
Direction: baseline " you can use: EMA, MA , HMA ..."
Bullish signal:
1. candles crosses and closes above the baseline
2. RVGI crosses in bullish direction under the zero line
Bearish signal:
1. candles crosses and closes below the baseline
2. RVGI crosses in bearish direction above the zero line
Extra rulles:
1. If candle crossed baseline before RVGI also crossed you can wait one more candle for RVGI to catch up, ONLY WHEN candle didn't move more than 1ATR away from the baseline
2. RVGI is reversal indicator, but here we use it for catching new trends and continuation trades. You don't need to wait that RVGI to fully crosses signal lines if it is obvious that it will next candle
Continuation trades:
1. Candle touched baseline but DO NOT close on the other side
2. RVGI also crosses, "when entering continuations wait for the full RVGI signal"
3. It doesn't matter if RVGI is above or below zero line
4. Better odds: Bearish example: If RVGI crosses zero line north and than back south giving you signal to enter and if candles only touched and not crossed baseline the odds are on your side, still don't go crazy, apply strict MM
Direction: baseline " you can use: EMA, MA , HMA ..."
Bullish signal:
1. candles crosses and closes above the baseline
2. RVGI crosses in bullish direction under the zero line
Bearish signal:
1. candles crosses and closes below the baseline
2. RVGI crosses in bearish direction above the zero line
Extra rulles:
1. If candle crossed baseline before RVGI also crossed you can wait one more candle for RVGI to catch up, ONLY WHEN candle didn't move more than 1ATR away from the baseline
2. RVGI is reversal indicator, but here we use it for catching new trends and continuation trades. You don't need to wait that RVGI to fully crosses signal lines if it is obvious that it will next candle
Continuation trades:
1. Candle touched baseline but DO NOT close on the other side
2. RVGI also crosses, "when entering continuations wait for the full RVGI signal"
3. It doesn't matter if RVGI is above or below zero line
4. Better odds: Bearish example: If RVGI crosses zero line north and than back south giving you signal to enter and if candles only touched and not crossed baseline the odds are on your side, still don't go crazy, apply strict MM
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.
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.
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.