About the RVI Bars Indicator
The RVI Bars Indicator for MT5 converts the classic Relative Vigor Index into color-coded candlesticks plotted directly on your trading platform.
Instead of reading a separate oscillator window, you see momentum reflected through blue and red bars that align with price behavior.
RVI stands for Relative Vigor Index.
It measures the conviction behind price moves by comparing closing prices to trading ranges.
When momentum favors buyers, the indicator prints blue bars. When sellers dominate, it prints red bars.
It removes the need to interpret crossing lines and makes trend recognition more intuitive.
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Key Features
- Transforms the Relative Vigor Index into blue and red candlestick signals.
- Blue RVI bar signals bullish momentum.
- Red RVI bar signals bearish momentum.
- Adjustable RVI period to fine-tune sensitivity.
- Custom color settings to match your trading template.
- Helps confirm trend direction without switching to a separate oscillator window.
Indicator Chart
The RVI Bars Indicator displays blue and red momentum bars directly over price, highlighting bullish and bearish phases in real time.
On the chart, consecutive blue bars reflect sustained buying pressure, while consecutive red bars show strong selling activity.
Traders use these color transitions to time entries in the direction of the prevailing trend.
Guide to Trade with RVI Bars Indicator
Buy Rules
- Buy market condition: price must form higher highs and higher lows, confirming an active uptrend.
- A blue RVI bar must appear, signaling bullish momentum strength.
- Enter a buy trade at the close of the blue RVI bar.
- Confirm that recent bars show consistent blue prints to avoid false reversals.
Sell Rules
- Sell market condition: price must form lower highs and lower lows, confirming a downtrend.
- A red RVI bar must appear, signaling bearish momentum strength.
- Enter a sell trade at the close of the red RVI bar.
- Confirm that recent bars show consistent red prints to avoid early countertrend entries.
Stop Loss
- For buy trades, place the stop loss below the most recent higher low.
- For sell trades, place the stop loss above the most recent lower high.
Take Profits
- Close the buy position when the indicator prints a red RVI bar against your trade direction.
- Close the sell position when the indicator prints a blue RVI bar against your trade direction.
- You may also secure profits at a key support or resistance level aligned with the trend.
RVI Bars and Super Trend With Alert MT5 Scalping Strategy
This strategy combines momentum and trend direction to create a clear and practical trading approach for fast-paced markets.
By using the RVI Bars Indicator for MT5 together with the Super Trend With Alert Indicator MT5, traders can filter out weak signals and focus on high-probability entries.
The RVI Bars indicator measures momentum strength and displays it visually through colored bars.
The Super Trend indicator defines the current market trend using a colored line that switches between blue for an uptrend and red for a downtrend.
This combination works effectively because it aligns momentum with trend direction.
When both indicators agree, the market often moves with stronger conviction.
This method suits scalping during the London and New York sessions when volatility is high.
It works best on M5 and M15 timeframes and fits traders who prefer quick entries and exits.
Buy Entry Rules
- Wait for the Super Trend line to turn blue, confirming an uptrend.
- Check that the RVI Bars indicator prints a blue bar.
- Enter a buy trade at the opening of the next candle after confirmation.
- Place the stop loss a few pips below the most recent swing low or below the Super Trend line.
- Take profit when the RVI Bars turn red or when the Super Trend flips to red.
Sell Entry Rules
- Wait for the Super Trend line to turn red, confirming a downtrend.
- Check that the RVI Bars indicator prints a red bar.
- Enter a sell trade at the opening of the next candle after confirmation.
- Place the stop loss a few pips above the most recent swing high or above the Super Trend line.
- Take profit when the RVI Bars turn blue or when the Super Trend flips to blue.
Case Study 1: EUR/USD London Session Buy
During the London session, EUR/USD showed a clear upward movement on the M5 timeframe.
The Super Trend line switched to blue, signaling a bullish trend.
Shortly after, the RVI Bars indicator printed a blue bar, confirming strong buying momentum.
A buy trade was entered at the next candle open. The stop loss was placed just below the recent swing low.
Price continued moving upward steadily as both indicators remained aligned.
After several candles, the RVI Bars turned red, indicating weakening momentum.
The trade was closed for 12 pips.
Case Study 2: GBP/USD New York Session Sell
In the New York session, GBP/USD started trending downward on the M5 timeframe.
The Super Trend line turned red, indicating a bearish trend.
The RVI Bars indicator followed with a red bar, confirming strong selling pressure.
A sell trade was taken at the next candle open. The stop loss was placed above the recent swing high.
The price dropped quickly as momentum increased.
When the RVI Bars shifted back to blue, the trade was exited for 15 pips.
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FAQ
What makes the RVI Bars Indicator different from the standard RVI?
The standard RVI appears as a line oscillator in a separate window.
The RVI Bars Indicator converts that data into colored bars, allowing traders to read momentum directly from the main trading area without switching views.
Can I adjust the sensitivity of the signals?
Yes. You can modify the RVI period in the settings.
A lower period increases signal frequency, while a higher period smooths out short-term fluctuations and focuses on broader trends.
Is the RVI Bars Indicator suitable for scalping?
It works effectively on lower timeframes when combined with trend confirmation.
Short-term traders often use it on M5 or M15 charts to capture intraday momentum shifts.
Summary
The RVI Bars Indicator transforms a traditional oscillator into an easy-to-read momentum tool.
By converting RVI values into blue and red candlesticks, it allows traders to identify bullish and bearish pressure at a glance.
It performs strongly in trending markets and helps filter trades in the dominant direction.
With adjustable settings and straightforward visual signals, it fits both intraday and swing trading styles.
