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    Relative Vigor Index Simple Moving Average (RVIMA)
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      Relative Vigor Index Simple Moving Average (RVIMA)

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        Article summary

        The Relative Vigor Index Simple Moving Average (RVIMA) indicator is Relative Vigor Index (RVI) smoothed with SMA. Likewise RVI, RVIMA is based on the concept that prices are tend to close higher than they open in uptrends and close lower than they open in downtrends. RVI values are calculated as the difference between the Close price and its trading range. The indicator helps reveal divergence which can be considered as a near-term change in the trend.

        SMA (RVIMA) = (Close - Open) / (High - Low)

        where:
        SMA – Simple Moving Average


        Relative Vigor Index Simple Moving AverageRelative Vigor Index Simple Moving Average 


        INPUTS

        InputDescription
        LengthThe number of bars used to calculate RVIMA

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        RVIThe Relative Vigor Index Simple Moving Average plot
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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