Fisher indicator is a leading oscillator used by the forex traders for the purpose of detecting the direction and strength of the trend. It also signals when the trend changes. In first it looks like histogram but it is more than histogram.
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.
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) i suggest use for EUR/USD H1 chart.
Fisher Indicator setting:
It consists of only one setting called period and the default value is 10. That means it takes the last 10 bars to calculate the values. The higher is the value the less false trend change signals occur but the more this indicator lags.
Free Download- Fisher Forex Indicator
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.
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) i suggest use for EUR/USD H1 chart.
Fisher Indicator setting:
It consists of only one setting called period and the default value is 10. That means it takes the last 10 bars to calculate the values. The higher is the value the less false trend change signals occur but the more this indicator lags.
Free Download- Fisher Forex Indicator
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