Fisher

yemyes

Trader
Apr 5, 2012
1
0
12
Hi,

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

thanks in advance.
 

tommy0921

Trader
Jan 3, 2011
29
1
17
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.
 
Last edited:
May 17, 2012
2
0
12
This indicator takes several lines of code indicator FX5 MACD divergence ...

However, like the FX5 MACD divergence, it is a good indicator!
 
May 17, 2012
2
0
12
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.
 

Enivid

Administrator
Staff member
Nov 30, 2008
12,254
473
114
Odessa
www.earnforex.com
If you want to have just one line, you can remove everything related to ExtBuffer1[] and ExtBuffer2[], change the color of the ExtBuffer0[] buffer from Black to some other color, and remove the last cycle from start() completely.
 

Enivid

Administrator
Staff member
Nov 30, 2008
12,254
473
114
Odessa
www.earnforex.com
If you compare the histogram to the lines on your screenshot, you can understand that the current histogram cannot be transformed into two such lines. Histogram is really just a way to represent one line - it just changes its color when it crosses zero level.