The technical indicator MT4 4 time frame Ehlers Fisher Transform is a multi timeframe binary indicator to simultaneously establish the direction of the trend on 4 different time frames.
The trading signals (buy / sell) generated are calculated on a Ehlers Fisher Transform indicator
The stock indicator Ehlers Fisher Transform calculates a histogram calculated transform Fisher.
The indicator, based on the work of John Ehlers, determines the strength of the trend and direction of the trend.
Using multiple time frame to identify the general trend of short-term market and the 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
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
An alert system per message, sound or email can be configured option
included
4 time frame Ehlers Fisher Transform.mq4
Broker Online - Broker Exchange : platform MT4 Trading Metatrader
Interpretation Rules - signals from Trading
For the corresponding time frame
* buy signal :
bull market trend . Formation of a square 4 positive time frame Ehlers Fisher Transform green: the histogram Ehlers Fisher Transform is above the level 0 - Trend bullish on the corresponding time frame
. All squares are positive - Strong uptrend
* Selling signal: bear market trend
. Formation of a square 4 time frame Ehlers Fisher Transform negative red: the histogram Ehlers Fisher Transform is lower at 0 - 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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