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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
    1. Close – closing price
    2. Open – opening price
    3. High – the highest price
    4. Low – the lowest price
    5. Median – median price
    6. Typical – typical price
    7. 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
    1. Disabled – disabled
    2. Sound Only – Sound Only
    3. 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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Our Useful Features & Services

Published

15 May 2018

Updated

20 January 2021

Current Version

1.2

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