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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2014.02.25 11:15
- Updated:
- 2016.11.22 07:32
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The Fisher_mbk indicator with the timeframe selection option available in input parameters:
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe)
Place the indicator compiled file Fisher_mbk.mq5 to the terminal_data_folder\MQL5\Indicators\ of the client terminal.
Fig.1. Fisher_mbk_HTF indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2058

Normalized oscillator that uses Fisher's transformation, drawn in the form of a color histogram.

Ergodic Oscillator from the book "Momentum, direction and divergence" by William Blau, implemented in the form of a color histogram with a signal line implemented as a colored cloud.