The Ehlers Fisher Transform MTF Forex indicator for MT4 is a fairly simple to use trend histogram indicator that delivers good results.
It determines the direction of the prevailing trend with the help of a moving averages trading system.
The signals itself are not bad at all. The winning trades will outrank the losing trades.
The indicator is displayed in a separate MT4 chart window.
Just load the Ehlers Fisher Transform MTF Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A green Ehlers Fisher Transform histogram represents a bullish trend.
- A red Ehlers Fisher Transform histogram represents a bearish trend.
- 100% No repaint histogram bars.
- Utilize for scalping and day trading on any time frame.
- It can be used to confirm bigger market trends.
Feel free to explore the Ehlers Fisher Transform MTF Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “ehlers-fisher-transform-mtf.ex4” Metatrader 4 indicator
Indicator Example Chart (USD/CHF H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Ehlers Fisher Transform MTF Forex MT4 Indicator
Buy Signal: Buy the Forex pair when the first green Ehlers Fisher Transform bar gets printed on the MT4 chart.
Set your stop loss slightly below the previous swing low or consolidation, or use your own favorite stop loss method.
Close the buy trade whenever a valid sell signal pops up on the chart, or use your own favorite take profit method.
Sell Signal: Sell the Forex pair when the first red Ehlers Fisher Transform bar gets printed on the MT4 chart.
Set your stop loss slightly above the previous swing high or consolidation, or use your own favorite stop loss method.
Close the sell trade whenever a valid buy signal pops up on the chart, or use your own favorite take profit method.
Download This Forex Indicator Now
Download the “ehlers-fisher-transform-mtf.ex4” MT4 indicator
Input Parameters
Time frame, period, price type, price smoothing, alerts, colors, width, style.
More Info About This Indicator
Usage: Works on any currency pair + other MT4 instruments
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
