RVI trend confirmation

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Uses the RVI (Relative Volatility Index) to confirm trend. It focus on the direction of the RVI and not if it is above or below a certain level.

HOW to read the indicator:

• Blue or value 1 = bull trend confirmation
  
• Red or value -1 = bear trend confirmation
  
• Gray or value 0 = choppy market
  

Combine this with another indicator in order to confirm whether a trend is starting.

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ملاحظات الأخبار

v2. just updated using the original RVI trading view formula