Forex encyclopedia

Relative Volatility Index was elaborated by Donald Dorsey in 1993 and introduced in “ Technical Analysis of Stocks and Commodities” magazine. RVI is not a separate indicator; it is used to confirm signals and improve trading systems. This index measures forces of volatility movement. It does not duplicate signals of other oscillators, but just confirms them. RVI and Relative Strength Index are very much alike, but they additionally demonstrate highest and lowest points of price of standard deviation in a certain range. RVI is calculated in a way similar to calculation of RSI, but here 10-days' standard deviation of close price is taken instead of change of price.

This consumer sentiment index represents results of survey of consumers, which is conducted by Michigan University. Questions touch upon confidence of citizens in economic conditions and prospects for the nearest future. Obtained figure throws light on respondents' sentiment and their intentions regarding spending money. Index is published twice a month. The fist one is the advance report announced in the end of the second week, usually on Friday. In two weeks final report is published. Publication time is 10:00 a.m EST (New York). Market respond to published data is minor. Index growth is favorable towards consolidation of national currency.