RVI Oscillator Crossovers and Color Changes in an Expert Advisor

Summary

This MetaTrader Expert Advisor generates trade signals when a bar closes and the main and signal lines of the i-SpectrAnalysis_RVI oscillator cross while the indicator cloud changes color. It requires the separately compiled indicator file to operate. The document notes that the indicator’s averaging algorithm redraws past bars, making it impossible to reconstruct the indicator’s true state at the time of a historical trade from the displayed chart.

The page refers to tests on EURJPY four-hour data from 2015 using the advisor’s default inputs. Stop loss and take profit were not used in those tests, and the text provides no numerical performance statistics or detailed interpretation of the chart. The results therefore offer limited evidence about profitability or robustness. A trading setup also depends on the required indicator and a library intended to support brokers with nonzero spreads and protective orders.

Key ideas

• Signals occur at bar close when oscillator lines cross and the cloud changes color.
• The Expert Advisor depends on a separately compiled indicator file.
• The indicator redraws historical bars, obscuring its past real-time state.
• The cited EURJPY four-hour test used default inputs without stop loss or take profit.

Tags

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