Ehlers Fisher Transform – profitable modernization of known indicators
Ehlers Fisher Transform is an indicator built on an oscillator that was developed by John Ehlers, and to which Fisher transform is applied. The indicator is good in scalping and trading on daily charts. Ehlers Fisher Transform is not repainted. But there is a minus – the indicator is afraid of lateral movement (flat).
Characteristics of Ehlers Fisher Transform
Platform: Metatrader4
Currency pairs: Any currency pairs
Trading Time: Around the clock
Timeframe: M5 and higher (Can be used on D1)
Recommended broker: RoboForex, InstaForex, XM
Trading rules
When the signal line of the indicator crosses the zero level, a signal appears to change the trend and is indicated on the graph with an arrow. In addition, the indicator allows you to track bullish and bearish divergences.
BUY signal
As described above, when the blue arrow points up, open a Long position. Exit at the appearance of the opposite signal (SELL signal):
Ehlers Fisher Transform | BUY signal
SELL signal
When the red arrow points down, open a Shot position. Exit at the appearance of the opposite signal (BUY signal):
Ehlers Fisher Transform | SELL signal
The Ehlers Fisher Transform indicator also implements the MTF function, which allows receiving signals from other timeframes:
Ehlers Fisher Transform | MTF properties
For all its autonomy, Ehlers Fisher Transform is not a complete trading system. This indicator needs additional filters, especially for determining the lateral price movement.
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