Muh4mm4d

RVI ,Finding Bottom and Top

Dilihat 1843
64
I added a bollinger band to rvi, so we know the upper and lower limits of rvi, and in my opinion the results are satisfactory,

When rvi is below the lower bollinger the indicator will change color to green which indicates a buy signal and vice versa,

But we also have to be careful with changes trends, volume analysis will be helpful for determining the bottoms and top of price movements,
I recommend using this indicator when the price is above MA 200
Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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