Fisher_org_v1 - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
Trend Labs Ltd.
Fisher Transform Index. This indicator was originally developed in 2002 by John Ehlers. Therefore, the FT is often called the Ehlers indicator.
In a nutshell, the Fisher Transform indicator shows the current trend, setting levels that often act as turning points. But the most important thing is the trend: indicator growth – market growth. Indicators are down - the market is down.
The indicator was originally written in MQL4 and first published in the code base on June 14, 2016.
Figure 1. Fisher_org_v1 indicator
Attachment download
📎 fisher_org_v1.mq5 (9.32 KB)
Source: MQL5 #15857
Fisher_org_v1 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Fisher_org_v1 - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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