The Fisher Transform Metatrader 4 Forex indicator is a profitable Fisher method based crossover trend indicator.
The indicator is composed of a red and blue signal line. Each time they crossover each other, it generates a new trend signal.
It’s an excellent tool for scalping and day trading during the London and US trading session for 15-40 pips per trade.
For swing trading, it can be used 24/7 on the higher time frames (H1, H4 and D1).
Just load the Fisher Transform Forex indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- Popular trend-following Forex indicator.
- Can be used as a standalone trend indicator.
- Does not repaint the red and blue signal lines.
- Beginner friendly indicator.
Feel free to explore the Fisher Transform Forex indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “Fisher_org_v12.ex4” Metatrader 4 indicator
Indicator Example Chart (EUR/USD Daily 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 Fisher Transform Forex MT4 Indicator
Buy Signal: Execute a buy order when the red signal line crosses the blue signal line upwards.
Set your stop loss below the previous swing low, or use your own favorite stop loss strategy.
Close the buy trade whenever the blue signal line crosses above the red signal line (opposite signal).
Alternatively, exit the buy trade for a fixed profit target of your preference.
Sell Signal: Execute a sell order when the red signal line crosses the blue signal line downwards.
Set your stop loss above the previous swing high, or use your own favorite stop loss strategy.
Close the sell trade whenever the blue signal line crosses below the red signal line (opposite signal).
Alternatively, exit the sell trade for a fixed profit target of your preference.
Download This Forex Indicator Now
Download the “Fisher_org_v12.ex4” MT4 indicator
Input Parameters
Length, price, bars, colors, width, style.
More Info About This Indicator
Recommended Currency Pairs: any
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.