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Relative vigor index calculator

Whether bars have been closing above or below their opens, and the cross of its signal line.

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The bars

Oldest first, at least 17 bars. Four numbers per bar, bars split by semicolons: 2350 2358 2328.8 2333.5; 2333.5 2334.5 2285.6 2301.4

The relative vigor index

The relative vigor index is +0.204, above its signal line at +0.168.

The vigor
Above zero, the bars have lately closed above where they opened: buyers had the vigor. Over the last 10 bars the open-to-close moves come to +20% of the bars' ranges (smoothed). It has been above its signal line for 4 bars.
How it is read
The idea is that in a rising market bars tend to close higher than they open, and in a falling market lower. The usual signal is the index crossing its signal line; many traders also watch for it moving against the price.
Read it with care
It needs real opens: if each open is just the previous close, it reads plain close-to-close moves. It crosses often in sideways markets and gives no timing for the next bar.

The close, the relative vigor index (10 bars) and its 4-bar signal line on the last bars. The last bar is marked.

BarClose priceRVISignal
5 ago2,301.90+0.044+0.058
4 ago2,316.30+0.044+0.063
3 ago2,329.80+0.088+0.058
2 ago2,338.50+0.152+0.076
1 ago2,332.10+0.208+0.122
Last2,319.40+0.204+0.168

Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning

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Where the bars close against where they open

John Ehlers described the relative vigor index in 2002. For each bar it takes the move from open to close and divides it by the bar's full range, after smoothing both over 4 bars with weights of 1, 2, 2 and 1. Adding up 10 bars gives the index; the same 4-bar smoothing of the index gives the signal line.

See where each bar closed in its range with the balance of power calculator, smooth the candles with Heikin-Ashi, and size the trade with the position size calculator.

Not advice. Arithmetic on the bars you type; an indicator describes the past bars, not the next one.

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