RAVI FX Fisher [Loxx]

RAVI FX Fisher [Loxx] 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

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

loxx

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