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.