Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2297
Forum: 17 · Topic 2297 · 19 post(s)
Nikolay.Gekht · Tue Sep 28, 2010 3:57 pm
Sylvain Vervoort’s Smoothed RSI Inverse Fisher Transform indicator is described in October 2010 issue of Stocks & Commodities.
The formula of the indicator is:
InverseFisherTransform(ZeroLagEMA(RSI(SVE_RainbowAverage(price)))).
The usage of the indicator recommended in the article is the following
The indicator shows an opportunity to:
These opportunities then must be studied using Slow Stochastic or SVE_ARSI indicators.

Download the indicator:
The indicator uses another Sylvain Vervoort’s indicator: Rainbow Average, so, please download and install Rainbow Average indicator too. Please find this indicator below:
Download Sylvain Vervoort’s Rainbow Average indicator for Marketscope:
The formula of this indicator is:
Code: Select all
SVE_RainbowAverage = ( 5 * WAverage( Close, 2 )
+ 4 * WAverage( WAverage( Close, 2 ), 2 )
+ 3 * WAverage( WAverage( WAverage( Close, 2 ), 2 ), 2 )
+ 2 * WAverage( WAverage( WAverage( WAverage( Close, 2 ), 2 ) , 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage( Close, 2 ), 2 ), 2 ), 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage(
WAverage( Close, 2 ), 2 ), 2 ), 2 ), 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage( WAverage( WAverage(
Close, 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage( WAverage( WAverage(
WAverage( Close, 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage( WAverage( WAverage(
WAverage( WAverage( Close, 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 )
+ WAverage( WAverage( WAverage( WAverage( WAverage( WAverage( WAverage(
WAverage( WAverage( WAverage( Close, 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ), 2 ) ) / 20 ;

Avereges indicator is available here. viewtopic.php?f=17&t=2430&hilit=averages
SVE_RainbowAverage Averages.lua
SVE_RSI_InvFisher Averages.lua
MT4 version is available here. viewtopic.php?f=38&t=63454
Blackcat2 · Wed Sep 29, 2010 1:57 am
Could you please the link where we can study the complete strategy? If possible, recommended settings for 15M chart..
Thanks.. BC
Nikolay.Gekht · Wed Sep 29, 2010 9:13 am
The last issue of Stock & Commodities. There is a big article there about this method.
smartfx · Sun Oct 10, 2010 4:01 am
Thank you so much for adding this indicator! It could improve our trading!
gigi emas · Wed Apr 13, 2011 7:45 pm
may i know what trading platform is this indicator for?
Apprentice · Thu Apr 14, 2011 3:12 am
This forum is primarily dedicated to providing programming support to users of FXTS 2, and Marketscope Charting Platform.
And unless otherwise indicated refers to this platform. Files that end with lua File Extension.
We have the know-how for development on other platforms, this service is available through our premium service.
BabyBull · Tue Oct 16, 2012 3:30 pm
Any chance of getting this indicator programmed as a strategy with selectable time frames? Thank you
mykkee · Wed Apr 27, 2016 10:34 am
Can other options for the “number of periods for EMA” be made available to use like LWMA, MVA and other averages…..thanks
Apprentice · Sun May 01, 2016 6:40 am
SVE_RainbowAverage Averages.lua & SVE_RSI_InvFisher Averages.lua Added.
Apprentice · Sun May 01, 2016 6:55 am
Strategy is available here. viewtopic.php?f=31&t=63429&p=106011#p106011
6-sycamor · Sun May 08, 2016 7:56 am
Hi,
looks great
You have MT4 version ?
Regards,
S.
Apprentice · Sun May 08, 2016 11:30 am
Your request is added to the development list.
Apprentice · Sun May 08, 2016 12:18 pm
Try this version. viewtopic.php?f=38&t=63454
Fafountrader · Wed Sep 21, 2016 12:44 pm
hi,
is it possible to create a strategy based on this indicator : SVE_RSI_InvFisher.lua
Thanks a lot.
Apprentice · Thu Sep 22, 2016 3:20 am
Can you define entry / exit rules?
Fafountrader · Thu Sep 22, 2016 11:22 am
Of course, apprentice
-Open long if indicator line (number of periods for rsi=4 and number of periods for ema=4) cross above level 12 (end of candle).
-Open short if indicator line cross below level 88 (end of candle).
-Close on opposite.
-Time frame : m15
-Allowed side : both, buy or shell (depends on the trend)
-Multiple position in one direction (yes or no)
Thank you for your attention.
Apprentice · Fri Sep 23, 2016 5:31 am
Try this version. viewtopic.php?f=31&t=63892
Fafountrader · Fri Sep 23, 2016 5:54 am
Great, thank you very very much , Mister Apprentice
pleasure,
Fafountrader
Apprentice · Tue Sep 18, 2018 6:45 am
The indicator was revised and updated.