Calculation formula:
RVI = (Close - Open) / (Maximum - Minimum)
ITC.
Oscillator is a closed-valued oversold +100 overbought, zero and - 100 respectively, with sales trigger when your line enters from the top down the line or +100 Zero trigger and buy when its short line from bottom to top line -100 trigger or handing over the natural line of Zero.
It is advisable to draw trend lines on this indicator and enter the address on their breaks. It is usually recognized lecturer figures that give a very good result in the forecast price.
It is very common to find such a figure cup with handle or Hook. It contained an upward projection is constituted by a peak in V plus a lateralized development and that once the level which overlapped the peak of the V-fired an upward movement
Also this model runs at the low it is called Ghost, as we shall see in the figure below, it is recalled that the indicator must be entered in the respective zones of -99 and +99 minimally to produce the trigger.
His Formula:
(Typical Price - SMA 20 periods of PT) / ((0,015) X deviation (20))
Typical Price (PT) = (High + Low + Close) / 3
