Fisher Transform Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Buy when the indicator line is green and sell when the indicator line turns red.
The Fisher Transform Indicator is an oscillator that helps identify trend reversals and can be applied to any financial instrument. Created by JF Ehlers, it converts prices to a Gaussian normal distribution. The oscillator moves above and below the zero line with clear and sharp turning points, simplifying the identification of trend reversals. It is often used as part of a trading strategy that takes price action into account, and is often not the only tool that traders rely on.
MetaTrader 4 versions will not be introduced here. You can download it and the source code through my Telegram channel. The link to the channel is located in my profile . Don't forget to subscribe!
Attachment download
📎 ehlersfishertransformindicator.mq5 (8.51 KB)
Source: MQL5 #36133
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