Fisher Indicator – price on your hook
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-indicator-buy-sell-signals
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.
Save time withd software.
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