fisher

Function Name: fisher

Tags: None

Category: Trend

Fisher Transform (FT) is based on the assumption that prices don't have a Gaussian probability density. When the trend changes the indicator reverses very sharply.

This indicator can be very useful for pinpointing entries for short-term trades. When the FT crosses above the signal line from below, it's a bullish signal and it's time to buy. When FT crosses below the signal line from above, it's a bearish signal and it's time to sell.

 

Author:   John Ehlers

Source: S&C Nov 2002: "Using The Fisher Transform"

Link:       http://media.wiley.com/product_data/excerpt/78/04714630/0471463078.pdf

 

period
	Default Value: 10  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric
ShowLine
	Default Value: -1
	Type: Boolean
ShowHistogram
	Default Value: 0
	Type: Boolean