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: Alpari
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.
As described above, when the blue arrow points up, open a Long position. Exit at the appearance of the opposite signal (SELL signal):
When the red arrow points down, open a Shot position. Exit at the appearance of the opposite signal (BUY signal):
The Ehlers Fisher Transform indicator also implements the MTF function, which allows receiving signals from other timeframes:
In the archive Ehlers_Fisher_Transform.rar:
- Ehlers Fisher Transform.ex4
- Ehlers Fisher Transform.mq4
- Ehlers Fisher Transform template.tpl
Free Download Ehlers Fisher Transform