Ehler Fisher Transform Indicator.


The Fisher Transform attempts to normalize market prices, this makes the turning points in price stand out. Trading Strategy: 1. Always trade in the direction of the trend. 2. Look for extreme readings to signal potential price reversal areas. 3. Observe to see a change in direction of the Fisher Transform. This indicator may not always provide reliable signals. I prefer to use this on Forex rather than stocks as in stocks extremes may occur for a longer time frame which gives us more false signals. Please let me know if you have any idea or comments. Happy trading!

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