Fisher Oscillator is a custom indicator based on the price range calculated over a certain number of bars.
The oscillations are smoothed by a factor.
Both the number of bars and the smoothing factor are under the trader’s control.
The oscillations are not range bounded, so the indicator can show values freely, above, or below a zero line.
It responds fast enough to the price movements, without flipping around wildly if the right smoothing factor is used.
Using this MetaTrader 4 indicator, a trader can pinpoint more accurately changes in short term trends.