Ehlers Adaptive Relative Vigor Index [CC]
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The Adaptive Relative Vigor Index was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 140-141) and it does a pretty good job of capturing the peaks and valleys of the underlying data. There are several ways to read this particular indicator so for long term trades then buy when it goes above 0 and sell when it falls below 0 or for shorter term trades then buy when the indicator line turns green and sell when it turns red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
Comments
Seen this indicator today.
Sir, can you please add 0.00 line in indicator? I saw source code, but it is read only. I can not add 0.00 line.
Adding this line can be great help to all the traders who are using this indicator.
Some times Stocks or Indices hover near or closed to 0.00 line. Once the RS line cross the 0.00 line in either direction,
Traders or Investor can take a decision for entry or exit.
Hope you will find comfortable for adding 0.00 line.
Thank you.
(Milind)
India.
I look forward your Ehlers publications on:
Ehlers Adaptive Commodity Channel Index
Ehlers Adaptive Relative Strength Index
and
Ehlers Relative Vigor Index with Dominant Cycle Detection
because i had some question on below script and want to check whether you r script will produce the same plot or not :)