Fisher Indicator- Free Download

July 24, 2020 7410 741

Fisher MetaTrader indicator — is a quite simple histogram indicator that detects direction and strength of the trend and signals trend changes. It doesn’t use any standard MT4/MT5 indicators in its code. Fisher bases its calculations on the maximum and minimum price levels from the previous periods, applying some advanced math calculations to the relations between the current price and the max/min prices. The indicator is available for both MT4 and MT5. This is a “repainting” indicator — it recalculates previous bars when the new bar has arrived.

Input parameters

  • period (default = 10) — the period in bars, on which to calculate the maximum and minimum. The higher is the value the less false trend change signals occur but the more this indicator lags.

Fisher Indicator Example MetaTrader Chart

On the chart example you see that the upward trends are marked with the green histogram lines, while the downward trends are marked with the red line. It’s easy to trade with this indicator. You can close short positions and go long when the lines’ color change from red to green. You can close long positions and go short when the lines’ change from green to red. With the default period setting (10) it was very accurate on EUR/USD H1 chart.

Trading With Fisher Indicator Forex MetaTrader 4 | Forex ...
Fisher and Stochastics Scalping Strategy | Forex MT4 Indicators

Related posts

Laser Forex Reversal mt4 Indicator displays BUY SELL Arrow Signals Read more
Forex arbitrage is a risk-free trading strategy that allows retail forex traders to Read more
FX SCALPER X is a software that automates forex trading Read more
The FX Atom Pro is another forex indicator from Karl Read more
The most profitable Expert Advisor of 2020 Automate Your Forex Read more
FXCORE100 Indicator and Scanner is the 2020 best selling forex scanner Read more
Euro Scalper Pro EA is a profitable and fully automated Read more
Armageddon EA is a Forex robot that uses three strategies Read more
How It Works BUY or SELL when the indicator generates Read more
Do you want best Mt4 arrow indicator non repaint That Read more
This works on a high timeframe such as 30 minute Read more
Onyx Scalper Full Package: Effective Trading Algorithm Detailed Step-by-Step User Read more
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x