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.

Trading Signals:
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

Fisher Indicator