Fisher

[Enivid]

Originally Posted by zulufx

I see you didn't approve/allow my follow up post where I recognise that what I was describing was what you called 'repainting'. I suggested that 'recalculating' would be a better word, as repainting sounds like an issue with updating the graphical representation of the indicator on the screen.

On http://www.earnforex.com/metatrader-indicators/Fisher, you explain the use of indicator as going long when the bars change to green or short when they change to red. However, you should include a warning along the lines of 'The user must ignore any historical output of this indicator. The indicator adjusts the value of prior bars based on subsequent price data.'

I disagree this behaviour is obvious. Most people assume that indicators are static and what they're seeing on the chart historically, accurately represents what was shown in real time. Unless you're specifically looking for repainting/recalculating, it would be easy to miss.

That's obvious because after applying this indicator on the chart you may see it change the previous bars when the new bar has formed. But OK, it looks like that's not so obvious after all. I'll add that warning to the download page.

BTW: This thread doesn't have any unmoderated posts, so I don't know why do you say that I didn't allow or didn't approve a post here.

[zulufx]

Thanks for adding the warning. It'll be useful for people who are evaluating a lot of indicators and don't have much time (like me!).

Regarding the 'disappearing post' - who knows? I wrote a follow up message which didn't appear on the forum. Does the forum software allow for 2 unmoderated posts? Anyway, no big deal .. chalk it up to 'lost on the internet'.

This may sound like harping but I'd like to get to the bottom of it. I don't see the value in the repainting/recalculating (apart from making it look like the holy grail when looking at the charts!). What's the point of the repaint?

[Enivid]

Originally Posted by zulufx

Thanks for adding the warning. It'll be useful for people who are evaluating a lot of indicators and don't have much time (like me!).

Regarding the 'disappearing post' - who knows? I wrote a follow up message which didn't appear on the forum. Does the forum software allow for 2 unmoderated posts? Anyway, no big deal .. chalk it up to 'lost on the internet'.

This may sound like harping but I'd like to get to the bottom of it. I don't see the value in the repainting/recalculating (apart from making it look like the holy grail when looking at the charts!). What's the point of the repaint?

I don't know, I didn't code this indicator .

EDIT: But not all indicators are meant to give trading signals, some could just represent the chart data in a more convenient way, this is where repainting indicators come to use.

[Hooya]

there are various versions of fisher that do not repaint. Obviously they are a slightly slower than the "original" but still worth a look imo.

Better not post a link but let me know if you want some info on other fisher indies.

[Enivid]

Originally Posted by Hooya

there are various versions of fisher that do not repaint. Obviously they are a slightly slower than the "original" but still worth a look imo.

Better not post a link but let me know if you want some info on other fisher indies.

You can post the links here if they are direct download links. You can even attach the indicators to your post.

[Forex Secrets]

Originally Posted by Enivid

Fisher indicator has been updated and is now available for MetaTrader 5.

Is anyone using it for MetaTrader 5? How is it working?

[Mikkelangeloo]

This might be the best i ever came across!
As it only repaints the 2. latest (including the one currently forming) you can base a tradingplan on going long or short everytime the 3rd stick is forming with the 2 privius beeing a new color.

Every dag at 00:00 GTM, you go to the daily chart EURUSD. You see that the 2 privius sticks changed from Red to Green (bullish). Now, place a Long and check back every day the market is open at 00:00 GTM and wait for 2 red sticks to form and close ur position + enter a short.

I backtested this on the EURUSD daily chart for 2010.
The results were quite nice:
Total trades taken: 17.
Total trades win: 13.
Total trades los: 4.
Biggest win: 1334,1 - Spread.
Biggest loss: - 60 pips - Spread. (about 62,5)

The year total pip earned: 6676,5 - spread.

[Enivid]

Originally Posted by Mikkelangeloo

The year total pip earned: 6676,5 - spread.

Nice results... Did you try any forward testing?

[akram801]

it seems a good indicator
is it signal is fixed ?
and when the signal appear ? at beginning of candle or after closing ?
is there is a newer version of it ? and a version whit alert ?

[Enivid]

It repaints.