Fisher
Indicator is a
simple indicator that appears in a separate window of the trading platform as a
histogram. In a basis of this indicator put mathematical calculations, built on
the ratio of current price to the minimum and maximum with extremes of the
price of the previous periods.
Characteristics
of Fisher Indicator
- Platform: Metatrader4
- Currency pairs: Any currency
pairs (recommended Major)
- Trading Time: Around the clock
- Timeframe: Any,
recomended H1 and higher
Trading
rules by the Fisher Indicator
Fisher
Indicator, or rather its histogram consists of a pair of colors:
- Green - upward trend
- Red - downward trend
Fisher
Indicator in its code does not use any standard MT4/MT5, it uses complex
mathematical calculations and determines the strength and future direction of
prices, signaling about its variations. This algorithm works equally well on
MT4, and on MT5.
Installation
of indicators on the trading platform is similar to other indicators. The
default setting for RangePeriods is equal to 10 (the period in
bars for calculation of minimum and maximum). The higher this value, the
less there will be a false signal, but the delay in this indicator will be
more.
Trading with
this indicator is very simple - when changing the color from red to green, you
can open the long position and close short. If the color changes from green to
red, the close long positions and open short. Checking the indicator on the H1
graph with EURUSD (with the period of 10 by default) has given a fairly
accurate results.
However, the
better this indicator used in a pair with additional filters. As the filter
can use this Fisher Indicator with a higher period, example, RangePeriods = 55:
In addition
to the indicator Fisher_m11, I would also like to offer you a new
version of the indicator Fisher Indicator, which in my view earlier
reports the change in price direction. This is clearly seen in the image below:
fisher .rar
