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Download Fisher indicator for Metatrader 5 John Ehlers.
Fisher indicator for Metatrader 5 John Ehlers.
This is a version of the the Fisher Transform indicator which was
devised John Ehlers.
It calculates the maximum and minimum price levels from the previous
periods and detects direction and strength of the trend and based on
this signals trend changes. It can be used as the main trend indicator
of a trading system, like a signal indicator: If it is above the zero
line you have a buy signal and if it’s below the zero line you can look
for sell signals. In the input parameters you can specify the period in
bars on which the maximum and minimum will be calculated. Read more
about the Fisher indicator here.