Relative Vigor Index
MomentumOwn panel belowHow far above the open the close finished, divided by that bar's range.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It comes from the idea that on up days the close lands near the high. Where the line crosses its signal is read as the direction of force changing.
Where it misleads
Where opens and closes are nearly the same (24-hour crypto bars), it means less.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Balance of PowerWho won inside a single bar, buyers or sellers, on a −1 to +1 scale.
- Connors RSIRSI combined with a run-of-up-days count and how unusual today's change is.
- Stochastic Momentum IndexA stochastic measured from the middle of the recent range instead of the low.
- SMI Ergodic IndicatorA smoothed momentum line whose arithmetic is essentially TSI.
- SMI Ergodic OscillatorThe gap between the SMI Ergodic Indicator and its signal line, drawn as bars.
- Elder Ray (Bull/Bear Power)How far the bar's high and low reached away from a moving average, measured separately.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.