Simple green-red Fisher MT4 Indicator
Fisher Indicator – simple indicator that generate trading signals in separate window. This indicator put mathematical calculations, built on the ratio of current price to the minimum – maximum with extremes of the price of the previous periods.
Green-Red Fisher Indicator screen:
The Fisher indicator is a typical forex trading oscillator that measures trend direction and strength. Values above 0 are considered to be bullish and values below 0 are considered to be bearish. Large green or red bars indicate strong trend strength.
BUY: Buy at the first green bar. SELL: Sell at the first red bar.
Use in conjunction with other technical tools.
EUR/USD 1 Hour Chart Example