The color histogram 4 time frame Ehlers Fisher Transform nmc 2 determines two conditions of different market bull market or bear market.
The trading signals (buy / sell) generated are calculated on the slope of a Ehlers Fisher Transform indicator.
Optionally, an alarm is provided in case of change of direction of the oscillator or a function of the relative position with the zero level
The stock indicator Ehlers Fisher Transform calculates a histogram calculated on transformed Fisher.
The indicator, based on the work of John Ehlers, determines the strength of the trend and direction of the trend.
Multi Time Frames MTF: an option to select a different time frame of the current time frame for calculating the indicator.
Using multiple time frame to identify the trend overall the market in the short term and long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
Time Frame
M1 - 1 Minute (60 seconds)
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
A trading alert (sound, notification, message, email) is provided in case of buy signal / sales (4 time frames have the same trend).
Compatible version Metatrader MT4 Build and B600 (nmc: New metatrader compliant)
included
4 time frame Ehlers Fisher Transform 2 nmc.mq4
Broker Online - Broker Exchange : Trading platform MT4 Metatrader
Interpretation Rules - Signals From Trading
* Buy signal: buyer pressure
. Formation of a bar 4 time frame Ehlers Fisher Transform 2 Positive nmc green - Trend bullish on the corresponding time frame
. All squares are positive - Strong uptrend
* Selling signal: Pressure saleswoman
. Formation of a bar 4 time frame Ehlers Fisher Transform 2 nmc negative red - Trend bearish on the corresponding time frame
. All squares are negative - Strong bearish trend
Read more about the rules and trading signals:
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