Related source: Trading With Fisher Indicator
If you are a forex trader looking for a strong leading oscillator to detect the trend direction and current strength of the trend, you should definitely use Fisher indicator. Fisher indicator is a simple follow histogram. Fisher applies advanced math equations to identify the connection between the current value and minimum/maximum prices.
The green bars indicate that the trend is bullish and the red bars indicate that the trend is bearish.
How to Trade With Fisher Indicator
Buy Signal: When the bar color changes from red to green
Sell Signal: When the bar color changes from green to red
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