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Fisher indicator is a classic "repainting" indicator that accurately shows trend strength and direction but only in hindsight.

Home Page: https://www.earnforex.com/metatrader-indicators/Fisher/

License: GNU General Public License v3.0

MQL4 47.95% MQL5 52.05%
indicator mt4 mt5 trend chart trading forex-trading forex-market metatrader-4 metatrader-5

fisher's Introduction

Fisher

Fisher is a repainting custom indicator for MT4 and MT5 coded by EarnForex.com. It was originally developed by Yuri Prokofiev. In theory, it allows rather accurate trend and reversal detection. In practice, its repainting nature makes it not so useful.

You can change the main input parameter (Period) to regulate its sensitivity to the changing market conditions.

Fisher indicator is used here to detect trend strength and direction in BTC/USD trading

More information about this custom MetaTrader indicator is available here: https://www.earnforex.com/metatrader-indicators/Fisher/

Any contributions to the code are welcome!

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