This article has been translated from English to Gen Z Slang.
Relative Vigor Index (RVI) is like the market's hypeman, measuring the vibes and energy in the current scene. 🔋📈
It's an oscillator that vibes with the idea that prices usually glow up higher than they start in uptrends and dip down lower than they begin in downtrends. 🚀🛬
When the market's feelin' itself (aka a bull market 🐂), the closing price is typically on a higher flex than the opening one. But when it's in its feels (bear market 🐻), it's the other way around. ✨
By flexin' with the Relative Vigor Index to peep the moves between opening and closing prices, and comparing that to past days, we can get the tea on the market's overall energy. This helps us predict what's gonna pop and what's gonna drop. 🔍💥