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The Inverse Fisher Transform of RSI Indicator applies it to RSI values, making it useful for identifying trend reversals.
This oscillator in MT4 determines entry zones for trades based on overbought and oversold levels, defined by the position of the oscillator line relative to preset values.
Inverse Fisher Transform of RSI Indicator Table
The following table outlines the specifications and features of the Inverse Fisher Transform of RSI Oscillator:
| Category | Oscillator – Signal & Forecast – Trading Assist |
| Platform | MetaTrader 4 |
| Skill Level | Beginner |
| Indicator Type | Reversal - Leading |
| Timeframe | Multi timeframe |
| Trading Style | Scalping - Day Trading - Intraday Trading |
| Markets | Forex - Cryptocurrencies – Indices |
Buy Trades
Based on the 15-minute chart analysis of the GBP/USD currency pair, the oscillator line fluctuates around -0.5, indicating an oversold condition.
As a result, the indicator plots the signal line in red. Exiting the oversold zone serves as a buy signal.
Sell Trades
According to the 5-minute chart of Ripple (XRP), price fluctuations above +0.5 indicate an overbought condition. Under these circumstances, the oscillator line turns light blue.
Exiting this zone (when the line drops below +0.5) is considered a sell signal.
Settings of the Inverse Fisher Transform of RSI Indicator
The image below represents the settings panel for the Inverse Fisher Transform of RSI Indicator:
- RSI Period: Setting for calculating the RSI period
- Applied Price: Selection of the RSI calculation method
- MA Period: Setting the moving average period
- MA Method: Choosing the moving average calculation method
- Overbought Level: Setting the overbought threshold
- Oversold Level: Setting the oversold threshold
Conclusion
The Inverse Fisher Transform of RSI Indicator is a MT4 signal and forecast indicator, generating trade entry and exit signals based on overbought and oversold levels.
By analyzing the position of the indicator line relative to predefined levels, traders can identify trend reversals. Additionally, the flexible settings allow customization to fit various technical analysis styles.
What is the Inverse Fisher Transform of RSI Indicator?
This indicator combines the RSI oscillator with the Fisher Transform, providing more accurate market condition analysis and helping identify price reversal points.
Which markets is this indicator suitable for?
The Inverse Fisher Transform of RSI Indicator can be used without limitations in all financial markets, including Forex, cryptocurrencies, and indices.