The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Relative Vigor Index Technical Indicator (RVI) is based on the fact that the closing price is usually higher than the opening price at the bull market. The situation is opposite on the bear market. As a result the move vigor is established by the position when the price is at the end of the period. To normalize the index to the daily trading range, price change is divided to the maximum range of prices during the day. For more detailed calculations Simple Moving Average is used. 10 is the best period. To avoid probable troubles one needs to construct an additional signal line, which is a 4-period symmetrically weighted moving average of Relative Vigor Index values. The signal to buy or sell is received when lines cross each other.
RVI = (CLOSE-OPEN)/(HIGH-LOW)
Where:
OPEN - is the opening price;
HIGH - is the maximum price;
LOW - is the minimum price;
CLOSE - is the closing price.
