Fisher Transform HTF Signal – Indicator for MetaTrader 5


FisherTransform_HTF_Signal shows a trend direction or a signal for performing a deal generated by FisherTransform indicator at the chosen bar as a graphic object with colored trend indication or deal direction and sends alerts or audio signals in case of a market entry moment.

In case a trend continues at the selected bar, the indicator alerts by a graphic object in the form of the right arrow, the color of which corresponds to a trend direction. In case a trend has changed at the selected bar, the indicator alerts by the arrow, color and direction of which correspond to a performed deal direction.

All input parameters can be divided into three large groups:

  1. FisherTransform indicator input parameters:
    //|  Indicator input parameters                    |
    input string Symbol_="";                   // Financial instrument
    input ENUM_TIMEFRAMES Timeframe=PERIOD_H6; // Timeframe for the indicator calculation
    input uint Length=10;                      // Indicator period
  2. FisherTransform_HTF_Signal indicator input parameters that are necessary for the indicator visualization:
    //---- indicator display settings
    input uint SignalBar=0;                              // Signal bar index, 0 is a current bar
    input string Symbols_Sirname=INDICATOR_NAME"_Label_";// Indicator labels name
    input color UpSymbol_Color=Teal;                     // Growth symbol color
    input color DnSymbol_Color=DarkOrange;               // Downfall symbol color
    input color IndName_Color=DarkOrchid;                // Indicator name color
    input uint Symbols_Size=60;                          // Signal symbols size
    input uint Font_Size=10;                             // Indicator name font size
    input int X_1=5;                                     // Horizontal shift of the name
    input int Y_1=-15;                                   // Vertical shift of the name
    input bool ShowIndName=true;                         // Indicator name display
    input ENUM_BASE_CORNER WhatCorner=CORNER_RIGHT_UPPER;// Location corner
    input uint X_=0;                                     // Horizontal shift
    input uint Y_=20;                                    // Vertical shift
  3. FisherTransform_HTF_Signal indicator input parameters that are necessary for triggering alerts and audio signals:
    //---- alerts settings
    input ENUM_ALERT_MODE alert_mode=OnlySound; // Actuation indication version
    input uint AlertCount=0;                    // Number of submitted alerts

In case several FisherTransform_HTF_Signal are to be used on one chart, each of them should have its own Symbols_Sirname (indicators labels names) string variable value.

Place the FisherTransform indicator compiled file to the terminal_data_folder\MQL5\Indicators\.

Recommended MT5 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<


(Free MT5 Indicators Download)

Click here below to download:

FisherTransform_HTF_Signal – indicator for MetaTrader 5

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.


Please enter your comment!
Please enter your name here