What is RVI?
RVI is an oscillator that measures momentum from the relationship between closing and opening prices.
How to use RVI
Read the RVI around the zero level. Above zero indicates an upward bias and below zero indicates a downward bias; comparing RVI with price can reveal divergence.
Where it helps
Make price-RVI divergence easier to compare
Use the zero line to organize upward and downward bias
Keep close-and-open momentum in a single oscillator view
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Period | Displays the setting currently configured as 10. Default: 10. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
