Description
Indicator: Fisher Transform
Platform: | JForex/Dukascopy |
Type: | Oszillator |
Indicator | Fisher Transform |
Function: | preconfigured indicator |
as a line either with or without signal line, or | |
as a histogram | |
with 3 level lines |
Details
Ehler’s Fisher Transform is probably one of the least lagging crossover indicators available to trader.
It is “based on the assumption that prices do not have a Gaussian probability density function (PDF) (bell-shaped curve movement), but that by normalizing price and applying the Fisher Transform you could create a nearly Gaussian PDF”.
The crossover signal within a trend is often near the zero line but most importantly a crossover occurs within 4 or so bars of the lows. As additional levels you can use +1 and -1.
The Fisher Transform is an interessting indicator for those who like to jump on a trend early. This allows you to keep your stops close by and a got risk-reward ratio.
Download
registered users
After the purchase registered and logged in users have accees to the Downloads using their user menu (SHOP: Downloads).
NON registered users (guests)
Non registered users (guests) receive their download files by email.
Installation for JForex
You should save the downloaded JForex files in a directory that you can easily access.
This is usally the JForex path for indicators, which will be displayed under "tools/preferences/advanced".
Please note that this path is stored in the respective JForex workspace.
Afterwards you can place our indicators as a custom indicator in your JForex charts.
Setup
Configuration
Performance tip: activate "Recalculate on new candle only" (= default setting of the indicator).
Sample for a possible configuration:
- 10 periods = default periode used by Ehler
Tip: you can hide the signal line, as jForex supports different colors for rising and falling lines.
Image
line
histogram
signal line
Gallery
Some examples:
- different instruments
- different periods
- Click to open image!
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https://www.tradingtools4you.com/en/component/k2/259-shop-dc-fishertransform.html#sigProGalleria6202eae143