Fisher RVI Trading Indicator Is an oscillator for the MetaTrader 5 terminal, the values of which are obtained by the Inverse Fisher Transform of the RVI (Relative Vigor Index) indicator values.
The indicator was written based on the article “Using The Fisher Transform” by John Ehlers, which was published in November 2002 in the “Technical Analysis Of Stock & Commodities” magazine.
The trading rules for working with this indicator are simple:
- buy when the indicator crosses above the zero level.
- sell when the indicator crosses below the zero level.
also in Fisher RVI trading indicator for MT5, you can also use the intersection of the indicator with its signal line.
Other technical indicators for MetaTrader 5