sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

Introduction to Fisher Transform

The Fisher Transform Indicator for NinjaTrader, and created by John Ehlers, is a technical analysis tool that transforms price data into a Gaussian normal distribution. The primary goal of this transformation is to create price data that follows a more predictable pattern, which makes it easier for traders to identify reversals in the market.

Key Features of the Fisher Transform Indicator

1. • Normalization: By transforming price data into a Gaussian distribution, the Fisher Transform Indicator normalizes the data, making it easier to identify significant price movements.
   • Clarity in Signals: The indicator generates clear buy and sell signals based on zero-line crossovers, making it a straightforward tool for traders to use.
   • Enhanced Timing: The Fisher Transform can help traders enter and exit trades more accurately by identifying turning points with greater precision.
   • The indicator also includes a signal curve to help identify those reversals.

Things to be aware of:

• False Signals: In highly volatile markets, the indicator may produce false signals, so it is crucial to use it in conjunction with other tools.

Review the screenshots and video for setup options.

Click here for a list of all of NinjaTrader's Downloads.