Fisher Indicator - user program for the trading terminal MetaTrader, in this version it is presented for MT5. In fact, it is a histogram, similar to the traditional MACDwhich indicates the direction and strength of the trend, as well as a change in the trend.
According to ForTrader.org, to use Fisher indicator for MetaTrader 5 can be as a normal oscillator, i.e. on trend change signals, - on zero line crossing, on divergence and on exit from the set overbought and oversold zones.
Note that the indicator Fisher for MetaTrader 5 in its construction uses only data on extrema of a given period and complex mathematical calculations. Therefore the only parameter is period (default = 10), which sets the number of bars for finding the maximum and minimum.