Sylvain_Vervoort_RSI_inverse_fisher_transform - MetaTrader 5 script

Indicator Sylvain Vervoort RSI Inverse Fisher Transform Rainbow Moving Average built on Sylvain Vervoort

It has five tunable parameters:

SVRSI = ((Pow(2.71828183,2 * ZeroLagEMA)-1.0) / (Pow(2.71828183,2 * ZeroLagEMA)+1.0) + 1.0) * 50.0

ZeroLagEMA = SmMA1 + (SmMA1 - SmMA2)

SmMA1 = EMA(RSI, MA period)
SmMA2 = EMA(SmMA1, MA period)

RSI = 0.1 * (TmpRSI - 50.0)
TmpRSI = RSI(RMA, RSI period)

RMA = Rainbow Moving Average (SVRMA Period)

It is not necessary to have the indicator Rainbow Moving Average in the terminal, it is calculated independently

Attachment download

📎 sylvain_vervoort_rsi_inverse_fisher_transform.mq5 (24.68 KB)

Source: MQL5 #22698