The indicator is inspired by John Ehlers’ article “Using The Fisher Transform” published in November 2002 in the “Technical Analysis Of Stock & Commodities” magazine.
It generates buy and sell signals. The simplest trading system for working with the indicator is completely equivalent to working with Stochastic Oscillator.
See also the article “Applying The Fisher Transform and Inverse Fisher Transform to Market Analysis in MetaTrader 5”.
Speed Oscillator - indicator MetaTrader 5 Description Measures current bar's Moving Average Speed, in relation to the average of # (averaging period) past bars. This oscillator…
