Smooth RSI Inverse Fisher Transform by Sylvain Vervoort - MetaTrader 4 script
This indicator was published by Sylvain Vervoort in the October 2010 issue of Stocks & Commodities magazine. This article won the Readers' Choice Award in 2011.
Start by smoothing the price curve with a "rainbow" weighted moving average.
This smoothed price curve is used to calculate the RSI, which is then smoothed using a Vervoort zero-lag exponential moving average. The resulting curve is then transformed using an inverse Fisher filter.
The code for each platform has been released and attached is my MQL4 port.
Update 2011.06.24: Fixed refresh issue when reaching the maximum number of bars on the chart.
Attachment download
📎 SVE_RSI_I-Fish.mq4 (11.5 KB)
Source: MQL5 #10351
Sylvain Vervoort's Smooth RSI Inverse Fisher Transform - MetaTrader 4 script usage and screening suggestions
Sylvain Vervoort's Smoothed RSI Inverse Fisher Transform - MetaTrader 4 script is a resource related to Forex 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 only on titles or short-term profit descriptions.
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