Fisher Transform

Fisher Transform is an optimized indicator for MT5 using the classical Fisher price transform used to identify the minimal and maximal price intervals, and also to define the ascending and descending price tendency. The Fisher Transform gives us a positive expectancy when it is combined with other known indicators. The Fisher Transform can be used to generate automated entry and exit trading signals near the the extreme points. The Fisher Transform transformation has a specific optimal period for each market and timeframe.

Version: 1.55
Last update:

The efficiency of the Fisher Transform indicator was proved during the time, having a very precise evolution, especially in the long-time intervals (H1, H4, D1, W1) for every market. For the small timeframes (M1, M5, M15, M30), the Price Cyclicality is a very good filter of false signals of many other known indicators like RSI, CCI, MACD etc. The indicator can be successfully used for manual trading or can be automated by importing the specific data series. The Price Cyclicality is an important part of the algorithms included in successful expert advisors like Dow Jones Predictor, Dow Jones Trader, Gold Predictor, or Gold Trader.