DV2 indicator - an alternative to the RSI (2), designed based DVO. In fact, this is one particular configuration DVO, which was originally developed for SPY. It was found in this case the values of the opening and closing small, and the optimum period was weighing about 50/50 for the last two days. As it turned out, this weighting scheme worked very well and almost all traded funds on the market and most of the shares.
This version involves the use of evaluation of interest function.
interpretation of values
DV2 indicator is best suited for short-term trading with a return to the average (mean reversion, MR). Appropriate levels perekuplennosti pereprodannosti and vary depending on the instrument. For example: to buy the next day after the opening, when the DV2 is less than 20% and sell the next day after the opening, when the DVO above 80%.
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