Fisher Indicator for Metatrader 4 - Trend Indicator
 
Description: The described Trend Indicator, combined with the Fisher Indicator, forms a powerful trading strategy that is both straightforward and effective. This combination leverages the Trend Indicator's simplicity and the Fisher Indicator's ability to filter out false signals.
 
The Fisher Indicator is a simple, yet highly effective trend indicator that appears as a histogram in a separate window on the trading platform. Its calculations are based on the ratio of the current price to the minimum and maximum extremes of the price from previous periods.
 
Key Characteristics
Platform: Metatrader4
Currency Pairs: All pairs
Trading Time: Around the clock
Time-frame: D1, H4, H1
 
Features of the Fisher Indicator:
Incredibly easy to use in trading:
Green: Indicates an upward trend.
Red: Indicates a downward trend.
Repaint Indicator: The indicator may repaint its values as new data comes in.
Arrows on the chart: These are for informative purposes only, indicating where the indicator changes color (not part of the indicator itself).
Trading Strategy:
Enter Long Positions:
When the Fisher Indicator color changes from red to green.
Ensure the candle is closed/clarified before entering the trade.
Enter Short Positions:
When the Fisher Indicator color changes from green to red.
Ensure the candle is closed/clarified before entering the trade.
Exit Strategy:
Close short positions and go long when the color changes from red to green.
Close long positions and go short when the color changes from green to red.
 
Enhanced Strategy with Additional Filters:
For better performance, use the Fisher Indicator with additional filters. One recommended filter is using the Fisher Indicator with a higher period (e.g., Range Periods = 50).
 
Parameters of Fisher Indicator:
Period (default = 10): This is the period in bars for calculating the maximum and minimum.
Higher values result in fewer false trend change signals but increase lag.
 
Example Settings for Higher Accuracy:
Period: 50 (for the filter Fisher Indicator)
 
Conclusion:
The Fisher Indicator is a simple yet powerful tool for identifying trends in the Forex market. When combined with additional filters like a higher-period Fisher Indicator, it can significantly improve trading accuracy. Always ensure that the trade is opened after the candle is closed to avoid false signals. This strategy is versatile and can be applied to various currency pairs and timeframes, making it a valuable addition to any trader's toolkit.
 
Please note:
Purchasing this Fisher MT4 Indicator grants you FULL ACCESS to the Code and Parameters.
 
 
RISK DISCLAIMER:
The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.