The RVI indicator ( Relative Vigor Index ) is a pretty good indicator which can be used in various ways to identify reversals.
I developed a way to use it for making absolute fool-proof extremely safe and reliable entries, at the beginning of very significant trend direction changes. It can work as a stand-alone system or as a filter. I'll post a topic about it right after having finished this post.
The RVI indicator is one of the default indicators of the Metatrader software (see "Oscillators"). However, it doesn't have the possibility to be displaced, which is essential for my system.
It would be great if someone could modify the MT indicator so that it can be displaced, i.e. "shifted". An example of an MT indicator that can be shifted is the Moving Average indicator. The idea is to have the RVI curve drawn a certain number of bars to the right. See my next post for more details.
See the attached mq4 file for the indicator.
Enjoy!
