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2011.06.20 12:32
Indicators

Smoothed RSI Inverse Fisher Transform by Sylvain Vervoort - indicator for MetaTrader 4

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The indicator was presented by Sylvain Vervoort in the October 2010 issue of Stocks & Commodities magazine. The article was awarded with the Reader's Choice award in 2011.

It begins by smoothing the price curve with a “rainbow” weighted moving average.

This smoothed price curve is used to calculate a RSI, which is then smoothed with the Vervoort zero-lag exponential moving average. The resulting curve is then transformed with an inverse Fisher filter.

Codes for various platforms have been released, the attached is my MQL4 port.


UPDATE 2011.06.24: Fixed refresh if Max Bars On Chart reached.

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