Ehler Fisher Transform Expert Advisor Setup - Setting Up Ehler Fisher Transform Expert Advisor

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

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

Ehler Fisher Transform Analysis Signals

Developed by John Ehler,

Originally used to trade Stocks & Commodities Market.

Ehlers Fisher Transform has two lines, the Fisher Transform line & the signal line: signals are generated when there a cross-over of these 2 lines which looks like the stochastic oscillator.

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

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

Ehler Fisher Transform - Ehlers Fisher Transform Expert Advisor Setup

Ehler Fisher Transform Analysis & How to Generate Signals

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

However, this Ehler Fisher Transform is not very accurate, as with all leading indicators, it gives many false signals & it's prone to fake outs, it's hence recommended to trade it in combination with other indicators.