FTNP - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Oscillator using Fisher transform of normalized prices.
Normalizing the price stream through the Fisher transformation allows you to detect peak oscillations of the indicator line, which indicate trend reversal points.
This indicator has two input parameters:
Fisher = 0.5*(Log((1+V) / (1-V)) + PrevFisher) trigger=PrevFisher
V = (2/3) * ((price - lowest price) / (highest price - lowest price) - 0.5 + PrevV) MinPrice, MaxPrice - the lowest and highest price within the period range Log - the natural logarithm
Attachment download
📎 ftnp.mq5 (9.28 KB)
Source: MQL5 #20997
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