Blahtech Fisher Transform MT5
Blahtech Fisher Transform indicator is an oscillator that displays overbought and oversold locations on the chart. The Fisher Transform algorithm transforms prices with any distribution shape into a normal distribution. The end result is a curve with sharp turning points that may help to identify bullish or bearish trends.
Fisher Transform values exceeding 1.66 on the daily chart are considered to be good areas for reversal trades.
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- Configurable calculation variables
- Customizable alerts and messages
- Periods - Number of candles back to use for the calculation
- Apply To - Price to use
- Weighted Close
- Sound Only
- Popup and Sound
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