The Fisher Transform indicator. The indicator had been originally developed in 2002 by John Ehlers. Therefor, the FT is often called Ehlers indicator.
Described in a few words, the Fisher Transform indicator displays the current movements, and the set levels often act as turning points. But the main thing is the tendency: indicator grows — market grows. Indicator falls — market falls.
Originally this indicator has been written in MQL4 and was first published in the Code Base on 14.06.2016.
Fig.1. The Fisher_org_v1 indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15857
Oscillator can be used on multiple symbols and multiple timeframes.Momentum Pinball v.2
Made some changes compared to the originally Momentum Pinball
The Volume_Weighted_MA_StDev indicator with the timeframe selection option available in input parameters.Volume_Weighted_MA_Cloud_Digit
The Volume_Weighted_MA indicator that fills the chart space with a colored background and displays the most recent value as a price label with the possibility to round the channel levels up to a required number of digits.