The free RAVI with FX Fisher signals indicator for MT4 is another version of the RAVI indicator and contains a threshold filter.
The indicator can be used for any trade style and pops up in a bottom window of the trading platform.
RAVI with FX Fisher contains a threshold filter that’s placed above and below the 0.00 level (purple lines).
Buy & Sell Trade Example
- Go long as soon as the histogram bar turns back above the upper purple threshold line.
- Go short as soon as the histogram bar turns back below the lower purple threshold line.
The indicator works equally well on all currency pairs (majors, minors, and exotic) and shows promising results if used correctly.
Free Download
Download the “RAVI_FX_Fisher.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the RAVI with FX Fisher mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator (mq4 or ex4 format) to the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the RAVI with FX Fisher Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
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
