Ehlers Fisher Transform EA Setup - Setting Up Ehlers Fisher Transform Expert Advisor

Ehlers Fisher Transform EA Setup - Setting Up Ehlers Fisher Transform EA - A trader can come up with an Ehlers Fisher Transform EA based on the Ehlers Fisher Transform indicator explained below.

Ehlers Fisher Transform EA rules can be combined with other Forex trading indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Ehlers Fisher Transform Technical Analysis Signals

Developed by John Ehlers,

Originally used to trade Stocks and Commodities Market.

Ehlers Fisher Transform has 2 lines, the Fisher Transform line & the trading signal line: signals are generated when there is a crossover of these 2 lines which looks like the stochastic oscillator.

It was designed to define major price reversals using the rapid response time and sharp, distinct turning points making it a leading indicator.

This indicator is based on the assumption that prices do not have a Gaussian probability density function (bell shaped curved movement), but that by normalizing price and applying the Fisher Transform you can create a nearly Gaussian probability density function on the lines drawn.

Ehlers Fisher Transform - Ehlers Fisher Transform EA Setup

Ehlers Fisher Transform Technical Analysis & Generating Forex Signals

Forex Trading signals can be generated with pin-point accuracy by using the crossover points of the Fisher Transform and its signal line.

However, this Ehlers Fisher Transform is not very accurate, as with all leading technical indicators, it gives many false trading signals & it's prone to whipsaws, it's therefore recommended to trade it in combination with other indicators.