Fisher Cyber Cycle - MetaTrader 5 Script - MT4/MT5 Resources
Fisher Cyber Cycle is an oscillator that can modify the network cycle custom indicator value using the inverse Fisher transform .
This indicator was inspired by John Ehlers' article "Using the Fisher Transform" published in the November 2002 issue of Technical Analysis of Stocks and Commodities magazine.
The principle of using this indicator is simple. We should buy when the indicator crosses above the -0.7 level or when it crosses above the -0.7 level in case it has crossed above the -0.7 level before. When the indicator crosses below the 0.7 level or below the -0.7 level, we should sell in case it has previously crossed below the 0.7 level. It is also possible to use an indicator that crosses its signal line.
Attachment download
📎 fishercybercycle.mq5 (9.8 KB)
Source: MQL5 #553
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