The Blahtech Fisher Transform indicator is an oscillator that displays the overbought and oversold areas on the chart. The Fisher Transform algorithm converts prices with any form of distribution to a normal distribution. The end result is a curve with sharp reversal points that can help identify bullish or bearish trends.
Fisher Transform values above 1.6 on the daily chart are considered good areas for reversal trades.
- Configurable variables for calculations
- Customizable alerts and messages
- Periods – the number of iterations used for the calculation
- Apply To-price to calculate
- Close – closing price
- Open – opening price
- High – the highest price
- Low – the lowest price
- Median – median price
- Typical – typical price
- Weighted Close-weighted price
- Shift – shift the display on the chart by the specified number of bars
- Alert Level High – the upper level for triggering
- Alert Level Low – the lower level for triggering
- Alerts-Popup-enable / disable sound and pop-up alerts
- Disabled – disabled
- Sound Only – Sound Only
- Popup and Sound – pop-up and sound alerts
- Alerts-Email-enable / disable sending email notifications
- Alerts-Notification-enable / disable sending push notifications
- 0Alerts – Sound Wav File – wav file for the audio signal
- Alerts – Message Text – the text for the email notifications on your mobile device
- Alerts-Email-Subject-subject of email alerts
- Alerts-Email-Body-text of email messages
- Show Data Buffers-display iCustom buffers in the ” Data Window”
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