How to Set Ehler Fisher Transform Indicator in MT4 Charts

Step 1: Open the Navigator Window on FX Trade Platform

Open Navigator panel like as shown and illustrated below: Go to 'View' menu (click on it), then select 'Navigator' panel window (click), or From Standard Toolbar click the 'Navigator' button or press key board short cut keys 'Ctrl+N'

On Navigator window, choose & select 'Indicators', (Double Click)

How Do I Add Ehler Fisher Transform in the MT4 Platform? - How to Use Ehler Fisher Transform Trading Indicator in FX

How Do I Add Ehler Fisher Transform on MT4 - MT4 Ehler Fisher Transform Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Ehler Fisher Transform MT4 Indicator

Expand the menu by clicking the magnify button mark initial ( + ) or double-click the 'indicators' menu, after that this specified button will appear and be shown as (-) & will now display a list just as shown below - choose the Ehler Fisher Transform chart indicator from this list of trading indicators so as to add the Ehler Fisher Transform indicator on the chart.

How to Set Ehler Fisher Transform Trading Indicator on the Chart - How Do You Use Ehler Fisher Transform Indicator?

How Do You Add Ehler Fisher Transform - From the Above window you as a trader can then place Ehler Fisher Transform technical indicator that you want on the chart

How to Set Custom Ehler Fisher Transform to MT4

If the indicator you want to add is a custom technical indicator - for example if the Ehler Fisher Transform technical indicator you want to add is a custom indicator you'll need to first add this custom Ehlers Fisher Transform on the MT4 software & then compile custom Ehlers Fisher Transform indicator so that as the newly added Ehler Fisher Transform custom indicator pops up on the list of custom technical indicators on MetaTrader 4 software.

To learn how to install Ehler Fisher Transform indicators in the MT4, how to add Ehler Fisher Transform window to MT4 and how to add Ehler Fisher Transform custom technical indicator in MetaTrader 4 Platform - How to add a custom Ehler Fisher Transform on the MT4 Software.

About Ehler Fisher Transform Example Explained

Ehler Fisher Transform Technical Analysis Signals

Developed and Created by John Ehler,

Originally used to trade Stocks and Commodities Market.

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

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 the prices don't have a Gaussian probability density function (bell shaped curved movement), but that by normalizing price and applying the Fisher Transform you as a trader can create a nearly Gaussian probability density function on the lines which are drawn.

How Do I Use Ehler Fisher Transform Indicator?

Ehler Fisher Transform

Technical Analysis & Generating Signals

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

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

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