The Volume Strength Index (VSI) is a momentum volume oscillator that measures change of buying and selling pressure. VSI applies the Wilder's RSI formula to positive/negative volume values. VSI rises when volume on up days outpaces volume on down days. Conversely, VSI falls when volume on down days is stronger then volume on up days .
It can be used with RSI on the same graph to increase signal robustness.
Technical Indicator for Trading. Volume Strength Index (VSI)
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Book Details
Author(s)Vitali Apirine
ISBN / ASINB00OENZWL6
ISBN-13978B00OENZWL2
Sales Rank1,348,797
MarketplaceUnited States 🇺🇸