What is the Fisher Transform Indicator?

The Fisher Transform attempts to normalize market prices, this makes the turning points in price stand out.
Trading Strategy:
1. Always trade in the direction of the trend.
2. Look for extreme readings to signal potential price reversal areas.
3. Observe to see a change in direction of the Fisher Transform.

This indicator may not always provide reliable signals.

I prefer to use this on Forex rather than stocks as in stocks extremes may occur for a longer time frame which gives us more false signals.

Please let me know if you have any idea or comments.

Happy trading!