Fisher Transform Indicator

Fisher Transform Indicator

The Fisher Transform indicator for MT4 detects early trend reversal and delivers buying and selling opportunities.

The Fisher Transform indicator for MetaTrader 4 is a custom oscillator that analyzes the forex market and delivers buy/sell entries using the Fisher Transform trading strategy. It is one of the versions of technical indicators developed by J.F. Ehlers, which is notable for identifying the turning point of the price at the early stage.

The indicator uses well-optimized oscillator lines, which are less susceptible to lagging, thus generating accurate buy/sell signals. Moreover, it doesn’t interfere with technical analysis because it operates on a separate window, just below the main chart.

Fisher Transform Indicator Buy/Sell Signal

The above image shows a buy signal generated by the Fisher Transform indicator for MT4.

The indicator operates in a synergy between the 0.00 center line and the oscillator (red and blue line) to generate buy/sell signals. Therefore, a crossover between the blue and red oscillator lines suggests a potential trend reversal. Additionally, a bullish market is indicated when the oscillator lines cross above the 0.00 level, while a bearish sentiment is suggested when the oscillator lines are below the 0.00 level.

Furthermore, a crossover of the oscillator lines (red and blue) above/below the 0.00 zone also doubles as an optimal entry zone for a buy/sell entry, respectively. So, for instance, you need to wait for a crossover between the indicator’s lines towards the upside (which suggests a bullish trend reversal) and then wait for the lines to also cross above the 0.00 level before buying an asset.

Conclusion
The Fisher Transform Indicator for MT4 is a user-friendly forex indicator designed to help you in identifying a trend reversal at the early stage to maximize trading opportunities. Finally, it is free to download.