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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

Gallery

Some examples:

• different instruments
• different periods

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