Fisher RVI - MetaTrader 5 Script - MQL5 #556 - MT4/MT5 Resources
Fisher RVI is an oscillator that can modify RV Index ( Relative Vitality Index ) custom indicator values using the Inverse Fisher Transform .
This indicator was inspired by John Ehlers' article "Using the Fisher Transform" published in the November 2002 issue of Technical Analysis of Stocks and Commodities magazine.
The trading rules are very simple. When the indicator crosses the zero level upwards, it's time to buy. When the indicator crosses the zero line downward, it is time to sell. Cross indicator signal lines can also be used.
Attachment download
📎 fisherrvi.mq5 (9.5 KB)
Source: MQL5 #556
Fisher RVI - MetaTrader 5 Script - MQL5 #556 Usage and Filtering Advice
Fisher RVI - MetaTrader 5 Script - MQL5 #556 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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