Relative Vigor Index (RVI-10)Momentum

Timeframe M1 · unit pts

What it measures

The RVI measures the tendency for prices to close higher than they open (bullish vigor) versus lower (bearish vigor), using a symmetrically-weighted 4-bar average. Over the last 10 bars it computes the ratio of the smoothed close-to-open ranges to the smoothed high-to-low ranges, scaled to pts by multiplying by 100.

How Janira reads it (bullish vs bearish)

A positive RVI means that, on balance, bars tended to close above their opening price - buyers finished the bars stronger than they started. A negative RVI means bars tended to close below open - sellers dominated the intrabar journey. Zero means the intrabar direction was indifferent.

In plain language

The RVI asks: 'did prices tend to close near the top or the bottom of each bar?' A candle that opens low and closes high has positive vigor. One that opens high and closes low has negative vigor. The RVI averages this behavior across 10 bars.

Scenarios

• RVI above +10: most bars over the last 10 have closed above their open - the intrabar journey was predominantly upward, a sign of buying persistence.
• RVI near 0: bars are closing approximately at their opening level on average - indecision, neither buyers nor sellers are winning the intrabar battle.
• RVI below −10: most bars have closed below their open - the intrabar journey was predominantly downward, sellers controlled the bar-by-bar price action.
• RVI and its signal line diverging: the raw RVI is rising while its smoothed counterpart has not caught up - an early indication that the vigor balance is shifting.

More momentum indicators

Janira computes Relative Vigor Index (RVI-10) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.