Ehlers Fisher Transform for Smoother RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The original Ehlers Fisher Transform uses the adjusted RSI in the Fisher Transform calculation to further standardize and emphasize RSI values to enable easier discovery of market conditions.
It adds 2 steps:
You can use the indicator's color change as a signal.
Attachment download
📎 ehlers_inverse_fisher_transform_of_smoothed_rsi.mq5 (13.51 KB)
Source: MQL5 #22616
Ehlers Fisher Transform for Smoother RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Ehlers Fisher Transform for Smoother RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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