Thank you for sharing in this famous forumOriginally Posted by jomks
can you explain the indicator rule that you share that seems interesting to try
suitable to be combined with the supplay and demand techniques that I use
Thank you for sharing in this famous forum
can you explain the indicator rule that you share that seems interesting to try
suitable to be combined with the supplay and demand techniques that I use
The indicator was created by John Ehlers and described in his book "Cybernetic Analysis For Stocks And Futures", page 192. This is one of its many noise-cutting filters.
Ehlers3PoleButterworthFilterMT.png
The indicator was created by John Ehlers and described in his book "Cybernetic Analysis For Stocks And Futures", page 192. This is another noise canceling filter.
Ehlers2PoleButterworthFilterMT4.pngEhlers2PoleButterworthFilter.mq4
I am confused. There are so many indicators for forex trading, can anyone tell me which is the best indicator? Thank you
The Fisher Transform Indicator was created John Ehlers "Cybernetic Analysis For Stocks And Futures", pg.7-8.
The Fisher Transform indicator is an oscillator that helps to identify trend reversals and can be applied to any financial instrument. It was created by J.F. Ehlers and transforms prices into a Gaussian normal distribution. The oscillator moves above and below a zero line and has clear and sharp turning points, simplifying the identification of trend reversals. It is commonly used as part of a trading strategy that takes price action into account and usually is not the only tool a trader relies on. Buy when the indicator line is green and sell when it is red.
EhlersFisherTransformIndicatorMT.png
A repository for beginners
https://github.com/FxStill
A repository for beginners - developers in algorithmic trading. Simple open source indicators for three platforms: NinjaTrader 8, MetaTrader 4, 5. Download, modify, use for your own purposes. The repository will be updated with other scripts.
Posting Permissions
Reply With Quote