Fisher RVI is an oscillator that modifies RVI (Relative Vigor Index) custom indicator values using Inverse Fisher Transform.
The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine.
Trading rules are quite simple. It is time to buy when the indicator crosses the zero level upwards. It is time to sell when the indicator crosses the zero level downwards. Crossing the indicator signal line may also be used.
Author: Nikolay Kositsin
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video March 2014
newdigital, 2014.03.03 16:19
Boosting RSI with the Modified Inverse Fisher Transform (MIFT) - Part 1
Upside price action can be in sharp contrast to what is experienced to
the downside. "The market goes down like an elevator but up like an
escalator," as prices tend to fall faster than they rise. At the same
time, technical indicators, such as the well-known Relative Strength
Index (RSI), treat rising prices the same as falling prices. Adjusting
the indicator distribution with the Modified Inverse Fisher Transform
(MIFT) helps to account for those differences and provides new trading
applications. This paper will introduce the TSLabs: Modified Inverse
Fisher Transform custom indicator with practical examples to explore and
apply in trading.
The article : Applying The Fisher Transform and Inverse Fisher Transform to Markets Analysis in MetaTrader 5
Indicators from MT5 CodeBase :