About the RAVI with FX Fisher Indicator
The RAVI with FX Fisher indicator for MT4 is an enhanced momentum oscillator that builds on the classic RAVI concept.
It introduces an additional threshold filter that helps traders focus on stronger market moves.
This extra layer reduces low-quality signals and improves timing across different trading styles.
The indicator is displayed in a separate window below the main chart and uses a histogram format.
Two threshold lines are plotted above and below the neutral level to define acceptable momentum zones.
Only when price momentum reaches and reacts around these levels does the indicator generate trade opportunities.
RAVI with FX Fisher can be used by scalpers day traders and swing traders.
It adapts well to different market conditions and time frames.
The indicator works best during active sessions when momentum expands beyond normal ranges.
Free Download
Download the “RAVI_FX_Fisher.mq4” indicator for MT4
Key Features
- Enhanced RAVI oscillator combined with FX Fisher filtering.
- Upper and lower threshold levels for momentum validation.
- Histogram display for fast visual interpretation.
- Suitable for multiple trading styles and time frames.
- Helps filter out weak or premature signals.
Indicator Chart
The RAVI with FX Fisher indicator appears in a dedicated MT4 subwindow as a colored histogram.
The chart shows histogram bars reacting around the upper and lower threshold lines.
Moves beyond these levels signal increasing momentum.
Reversals back through the thresholds highlight potential entry points aligned with stronger price action.
Guide to Trade with the RAVI with FX Fisher Indicator
Buy Rules
- Wait for momentum to rise above the upper threshold zone.
- Observe the histogram as it pulls back and regains strength.
- Enter the buy trade once the histogram turns upward again.
Sell Rules
- Watch momentum move below the lower threshold zone.
- Allow the histogram to retrace slightly.
- Open the sell trade when downward momentum resumes.
Stop Loss
- Place the stop loss beyond the most recent momentum swing.
- Keep risk proportional to the selected time frame.
Take Profit
- Target a fixed pip objective based on recent volatility.
- Exit the trade when momentum weakens near the neutral level.
- Secure profits early if histogram strength starts to fade.
Ravi with FX Fisher + XP Moving Average Forex Scalping Strategy
This scalping strategy combines the Ravi with FX Fisher Indicator with the XP Moving Average Indicator to capture short-term intraday trends.
The Ravi with FX Fisher indicator signals entries when the histogram crosses back above the upper purple threshold for a long trade or below the lower purple threshold for a short trade.
The XP Moving Average confirms the trend: the green line indicates a bullish trend, the red line indicates a bearish trend.
Combining both helps traders filter trades and improve scalping accuracy.
This strategy is most effective on 5-minute and 15-minute charts during the London and New York sessions.
It works well on volatile pairs like EUR/USD, GBP/JPY, and USD/CAD.
Buy Entry Rules
- Wait for the histogram bar of the Ravi with the FX Fisher indicator to cross back above the upper purple threshold line.
- Confirm that the XP Moving Average line is green, indicating a bullish trend.
- Enter a buy trade at the close of the confirmation candle.
- Set a stop loss 10–15 pips below the recent swing low or below the purple threshold line.
- Take profit 15–25 pips or exit if the XP Moving Average line turns red.
Sell Entry Rules
- Wait for the histogram bar to cross back below the lower purple threshold line.
- Confirm that the XP Moving Average line is red, indicating a bearish trend.
- Enter a sell trade at the close of the confirmation candle.
- Set a stop loss 10–15 pips above the recent swing high or above the purple threshold line.
- Take profit 15–25 pips or exit if the XP Moving Average line turns green.
Advantages
- Combines strong trend confirmation with precise scalping entries.
- Histogram and moving average provide clear visual cues for entry and exit.
- Works well for multiple high-volatility currency pairs.
- Short timeframes allow quick capture of intraday moves.
- Helps reduce false entries by confirming trend direction with the moving average.
Drawbacks
- Whipsaw movements in low-volatility periods can trigger false entries.
- Scalping requires attention; missed signals reduce effectiveness.
- Not suitable for sideways or consolidating markets.
Example Case Study 1 – EUR/USD
On the M5 chart, the histogram of the Ravi with the FX Fisher indicator crossed above the upper purple threshold at 1.1042.
The XP Moving Average line was green.
A buy trade was entered at 1.1043, stop loss at 1.1030, and take profit at 1.1063.
The trade ran smoothly for 20 minutes and closed with +20 pips.
Example Case Study 2 – GBP/JPY
During the London session, the histogram crossed below the lower purple threshold at 191.75, with the XP Moving Average line red.
A sell trade was entered at 191.73, stop loss at 191.90, and take profit at 191.45.
The trade followed the trend for 30 minutes, achieving +28 pips.
Strategy Tips
- Only trade when the histogram signal aligns with the XP Moving Average trend line.
- Focus on high-liquidity pairs to improve the reliability of signals.
- Avoid trading during major economic announcements to reduce the risk of spikes.
- Monitor both indicators closely for timely entries and exits in fast-moving markets.
Download Now
Download the “RAVI_FX_Fisher.mq4” indicator for Metatrader 4
FAQ
What does the FX Fisher filter add to the RAVI indicator?
The FX Fisher filter adds threshold levels that help isolate stronger momentum.
This reduces noise and improves signal quality.
Is this indicator suitable for higher time frames?
Yes, it performs well on both lower and higher time frames.
Higher time frames often produce fewer but more stable signals.
Can this indicator be used for trend continuation trades?
Yes, threshold reactions often highlight continuation after brief pullbacks.
This makes it useful in trending markets.
Does the indicator repaint past signals?
Signals are based on confirmed momentum changes.
Once formed, they do not repaint.
Summary
The RAVI with FX Fisher indicator for MT4 offers a refined approach to momentum trading.
The added threshold filter helps traders avoid weak signals and focus on meaningful moves.
Its histogram design supports quick analysis and timely execution.
The indicator adapts well across different market environments.
When combined with disciplined risk management, this tool can support more consistent momentum-based trading decisions.
