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Fisher-Transformed RAVI Signals from Fast and Slow Moving Averages

Article MQL5 code base

Summary

This document describes an unnormalized oscillator using a Fisher transform in a RAVI indicator. Its stated signal occurs when the oscillator breaks through an upper or lower trigger level, which is set in the indicator parameters. The example configuration uses a fast moving average with a period of 4 and a slow moving average with a period of 49, applies exponential averaging to closing prices, and sets upper and lower triggers at +0.07 and -0.07.

The description gives the indicator’s basic inputs and signal concept, and notes that an earlier MQL4 implementation was published in 2007. It does not explain the oscillator formula, specify how to trade or manage positions after a trigger, or report tests or returns. The thresholds and moving-average choices are example settings; the document provides no evidence that they are suitable across instruments, timeframes, or market conditions.

Key ideas

  • The indicator applies a Fisher transform to an unnormalized RAVI oscillator.
  • Signals are described as breaks through configurable upper or lower trigger levels.
  • The example uses fast and slow moving averages on closing prices.
  • The document does not provide a full trading plan or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.