The Fisher System Indicator
Filed Under (Forex MT4 Indicators) by ForexDigg on 19-07-2008
Tagged Under : decisions, deviations, fingers, fisher, oscillator, signals, technical indicators, trades
THE INVERSE FISHER TRANSFORM
By John Ehlers
The purpose of technical indicators is to help with your timing decisions to buy or sell. Hopefully, the signals are clear and unequivocal. However, more often than not your decision to pull the trigger is accompanied by crossing your fingers. Even if you have placed only a few trades you know the drill.
In this article I will show you a way to make your oscillator-type indicators make clear black-or-white indication of the time to buy or sell. I will do this by using the Inverse Fisher Transform to alter the Probability Distribution Function (PDF) of your indicators. In the past I have noted that the PDF of price and indicators do not have a Gaussian, or Normal, probability distribution. A Gaussian PDF is the familiar bell-shaped curve where the long “tails” mean that wide deviations from the mean occur with relatively low probability. The Fisher Transform can be applied to almost any normalized data set to make the resulting PDF nearly Gaussian, with the result that the turning points are sharply peaked and easy to identify.
Download Link;
rapidshare.com/files/130795506/The_Fisher_System_Indicator.rar
ziddu.com/download/1687336/TheFisherSystemIndicator.rar.html
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