V.11:6 (253-256): SIDEBAR: RELATIVE VOLATILITY INDEX by Technical Analysis, Inc.
Product Description
RELATIVE VOLATILITY INDEX by Technical Analysis, Inc.
The relative volatility index (RVI) is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of the last 10 days' closing prices for either the up close or the down close. The goal is to create an indicator that measures and reports the general direction of the volatility.
The relative volatility index (RVI) is a modified form of the relative strength index (RSI). The original RSI calculation separates one-day net changes into positive closes and negative closes, then smoothes the data and normalizes the ratio on a scale of zero to 100 as the basis for the formula. The RVI uses the same basic formula but substitutes the 10-day standard deviation of the last 10 days' closing prices for either the up close or the down close. The goal is to create an indicator that measures and reports the general direction of the volatility.
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