Stochastic RVI trading indicator for MetaTrader 5
Stochastic RVI Trading Indicator - it's a modification Stochastic oscillator for the MetaTrader 5 terminal.
Unlike the original, whose values are calculated from the price series, the Stochastic RVI indicator values are calculated from the custom RVI indicator.
Classic Stochastic may not react to changes in the cycles or volatility of a currency pair. It uses a fixed calculation period and does not adjust to the constantly changing length of the market cycle. The Stochastic RVI indicator is devoid of this disadvantage and adjusts to the current market volatility.
Stochastic RVI Trading Indicator is recommended to use by analogy with the standard Stochastic oscillator and RVI indicator:
- indicator line crossing
- zero line break
- entering and exiting overbought and oversold zones
- divergence of the indicator with the price chart
Download Stochastic RVI trading indicator