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Fisher Transform Oscillator Displayed as a Color Histogram

Article MQL5 code base
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Summary

The document describes Fisher_mbk, a normalized oscillator that applies Fisher's transformation and presents its values as a color histogram. This identifies the indicator's central design: transforming an oscillator reading and using histogram colors to display it on a chart.

The entry credits Matt Kennel as the author and says the indicator was originally written in MQL4 and published in 2007. It does not explain the calculation, histogram color rules, signal interpretation, parameter choices, or how the indicator performed. Traders would need the original implementation or additional documentation to assess its behavior and test whether it is useful in a particular market or timeframe.

Key ideas

  • Fisher_mbk is a normalized oscillator based on Fisher's transformation.
  • The indicator displays its readings as a color histogram.
  • The entry credits Matt Kennel and describes an original MQL4 implementation.
  • No calculation details, trading rules, or performance evidence are provided.

Tags

Technical indicatorsStatistics

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.