CVI EAs, indis, scripts & libraries

The oscillator shows the value of price deviation from the Moving Average taking into account ATR. Calculation formula: CVI = (Close – MA ) / ATR Modified formula: (MCVI) = (Close – MA ) / (ATR * (Period ^ 0.5)) The indicator has six input parameters: Period – period; MA method – calculation method; MA

Oscillator CVI (Chartmill Value Indicator) was described by Dirk Vandycke in the Technical Analysis of Stocks & Commodities magazine in January, 2013. CVI represents a standard deviation from moving average and can be applied to any price series over any period. The concept is simple. As prices grow, they will finally move away from the