RAVI FX Fisher [Loxx] — Indicator by loxx

fishertransform trendanalysis fisher ravi rangeactionverification trend atr forex

RAVI FX Fisher is a special implementation of RAVI using WMA moving averages and ATR and then normalized like Fisher Transform. If the histogram falls between the white lines, the market is too choppy to trade. This indicator is tuned for Forex.

What is RAVI?
The Range Action Verification Index (RAVI) indicator shows the percentage difference between current prices and past prices to identify market trends. It is calculated based on moving averages of different lengths.

Included:
-Change bar colors

Release Notes:

Fixed inputs

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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