Fisher Indicator – price on your hook

Published: 02.09.2015
Reading time: 10 minutes

Fisher Indicator is a simple indicator that appears in a separate window of the trading platform as a histogram. In a basis of this indicator put mathematical calculations, built on the ratio of current price to the minimum and maximum with extremes of the price of the previous periods.

Characteristics of Fisher Indicator

  • Platform: Metatrader4
  • Currency pairs: Any currency pairs (recommended Major)
  • Trading Time: Around the clock
  • Timeframe: Any, recomended H1 and higher
  • Recommended broker: Roboforex, XM, InstaForex

Trading rules by the Fisher Indicator

Fisher Indicator, or rather its histogram consists of a pair of colors:

  • Green - upward trend
  • Red - downward trend


Fisher Indi in its code does not use any standard MT4/MT5, it uses complex mathematical calculations and determines the strength and future direction of prices, signaling about its variations. This algorithm works equally well on MT4, and on MT5.

Installation of indicators on the trading platform is similar to other indicators. The default setting for RangePeriods is equal to 10 (the period in bars for calculation of minimum and maximum). The higher this value, the less there will be a false signal, but the delay in this indicator will be more.

Trading with this indicator is very simple - when changing the color from red to green, you can open the long position and close short. If the color changes from green to red, the close long positions and open short. Checking the indicator on the H1 graph with EURUSD (with the period of 10 by default) has given a fairly accurate results.

However, the better this indicator used in a pair with additional filters. As the filter can use this Fisher Indicator with a higher period, example, RangePeriods = 55:


In addition to the indicator Fisher_m11, I would also like to offer you a new version of the indicator Fisher Indicator, which in my view earlier reports the change in price direction. This is clearly seen in the image below:


Free Download Fisher Indicator

Related Post
  • fadil910
    Published: 04.09.2015 Reply to the message

    HI daniel
    most of the fisher indicator are repaint according to the market move
    so Does this indicator repaint or not ? if yes pls suggest a filter indicator in combination with this fisher..

    • Fisher repaints
      Published: 15.06.2016 Reply to the message

      Fisher indicator repaints

  • waqas
    Published: 11.09.2015 Reply to the message


    I want to know that you share it alot of indicator but which one is the best can you tell me the name or link ??


  • fadil910
    Published: 13.09.2015 Reply to the message

    no response for comments ???

  • Reynold
    Published: 26.10.2015 Reply to the message

    First if all, thanks for giving us the opportunity to try out these fantastic systems/indicators. Would like to know if there is a way that MT4 can automatically refresh the chart holding this system because sometimes I take a trade with the colors matching but it turns out the colors were wrong if I don't refresh the chart.

  • nathaniel
    Published: 05.11.2015 Reply to the message

    indicator no longer available.

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