Free Forex Indicators (MT4), Trend Following Indicators

RAVI Fx Fisher Indicator

RAVI FX Fisher Indicator is a trend-defining indicator that continuously looks for exceptions at price action changes and signals for trade entries whenever there is a confirmation of a new market trend. Besides signaling the market trend, it also identifies the sidelined or short-ranged market for avoiding unnecessary losses in “no trade’ situations.

RAVI FX Fisher can be added to any other trend-following forex trading strategies for greater accuracy in trading. Furthermore, this indicator is good for trading all kinds of forex currency pairs within any sort of timeframe chart you like.

RAVI FX Fisher Indicator Overview

Download the indicator and install it on your MT4 terminal. Once you’re done, find your trading chart like the following image:

RAVI Fx Fisher Indicator Overview

RAVI FX Fisher Indicator Explanation

RAVI FX Fisher uses a dual-MA system in order to come up with effective trend signals for the trend-abiding traders. Its fast MA period is 4 and the slower one is 49. Its extern double trigger factor is 0.07.

This indicator plots the trade signals in the same manner as other trend-based histogram oscillators. For example, its value turns positive when the market is in a bullish trend and turns negative for confirming the current market trend as bearish.

RAVI Fx Fisher Indicator Explanation

It also signals for a no-trade situation or a sidelined market whenever its value keeps roaming around its zero or neutral level. For trade exits, you may stick to your fixed risk to ratio targets like 1:1 up to 1:3.

RAVI FX Fisher: Buy Conditions

RAVI Fx Buy Conditions
  • RAVI FX Fisher bars turns above the zero level
  • Price breaks above its current range at the same time
  • Buy triggers after the above conditions are met
  • Set stop loss below the current market low
  • Exit long/take profit whenever the trade achieves your desired risk to reward ratio

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RAVI FX Fisher: Sell Conditions

RAVI Fx Sell Conditions
  • RAVI FX Fisher bars turn below the zero level
  • Price breaks below its current range at the same time
  • Sell triggers after the above conditions are met
  • Set stop loss above the current market high
  • Exit short/take profit whenever the trade achieves your desired risk to reward ratio

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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