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Relative Volatility Index Indicator

The Relative Volatility Index or RVI was developed by Donald Dorsey.  RVI is simply an RSI with a standard deviation over the last n periods.  The RVI is helpful in determining the direction of volatility.  Use this in conjunction with momentum based indicators to confirm or deny the existence of a trend.

Readings above 60 combined with an upward price trend may indicate a buy signal.  Readings below 40 with a downward price trend may indicate a sell or short sell situation.

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Relative Volatility Index Developer Help