Fisher

[db_mansa]

Is this indicator good to tread with daily candle......?

[mjackson]

Originally Posted by db_mansa

Is this indicator good to tread with daily candle......?

Did you observe daily charts with this indicator?

[yemyes]

Hi,

Thank u for fisher indicator posted can I use the indicator for otherthan forex trading.

thanks in advance.

[tommy0921]

Fisher MetaTrader indicator — is a quite simple histogram indicator that detects direction and strength of the trend and signals trend changes. It doesn't use any standard MT4/MT5 indicators in its code. Fisher bases its calculations on the maximum and minimum price levels from the previous periods, applying some advanced math calculations to the relations between the current price and the max/min prices. The indicator is available for both MT4 and MT5. This is a "repainting" indicator — it recalculates previous bars when the new bar has arrived.

[João Alexandre]

This indicator takes several lines of code indicator FX5 MACD divergence ...

However, like the FX5 MACD divergence, it is a good indicator!

[João Alexandre]

In fact, the best reading of this indicator is from the third bar back. Unless it delete the two lines of source code as suggested by zulufx in posting number 6.