Relative Vigor Index + Pivot Points Supertrend - 4 Markets - 3 Timeframes

Hi my friends, I hope you are alright.

In this video I will talk about the indicator known as RVI or Relative Vigor Index. It will be tested together with a variation of the Supertrend indicator called Pivot Points super Trend.
In this channel I don't like sensationalism so I will test the indicator in a realistic way! So instead of choosing 1 single pair where the strategy works well, I will test the strategy on 4 different markets 158 different assets and also 3 different timeframes.
It would be easy for me to pick a single forex or stock pair and show fantastic results but we are not here for that.

Took me hours to run this tests so please don’t forget press the like.

Let's then explain how the strategy works:
To go LONG we wait for the Supertrend to be green.
Then we wait for the RVGI to cross the green line over the red line if this happens with the red and green line values ​​above zero we go LONG.
The stop loss will be placed in the support area that the super trend pivot points show on. The take profit should be twice the distance of the stop loss.

Here's an example as you can see.

To go SHORT:
We expect the supertrend to switch to red.
We then wait for the Relative Vigor Index to cross the green line below the red with both lines having negative values.

Here we see an example of a SHORT we are going to go short and place the stop loss at the last resistance line. And our take profit will be 2 times the distance of our stop loss. In this case we can see that the trade is a loss.

Now we can see another example of a LONG that almost touches the stop loss but ends up going to the take profit.

If you are looking for the script visit my patreon and you can download it there.

Видео Relative Vigor Index + Pivot Points Supertrend - 4 Markets - 3 Timeframes канала Carlos Branco Trading