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Published:

2022.01.14 16:23

Updated:

2022.01.15 00:01

Elegant oscillator.mq5 (9.87 KB) view

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In his article in February 2022 issue of TASC, “An Elegant Oscillator: Inverse Fisher Transform Redux,” author John Ehlers explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.

Recommendations:

this version is extended compared to original (not using fixed oscillator period and you can freely chose prices)
some experimenting with parameters advised (see the example bellow : red is default, blue is with periods 100,100 - so there is plenty of room for experimenting)

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Elegant oscillator - indicator for MetaTrader 5