Ehlers Fisher Transform
Ehlers Fisher Transform is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 19 settings, for example Time Frame (default Current time frame), period (default 10) and Price Type (default PRICE_MEDIAN). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Ehlers Fisher Transform
Ehlers Fisher Transform is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 19 settings, such as Time frame, Period and Price type. MQL source code included.
Files in the download: For More Free Indicators.txt, Ehlers Fisher Transform.ex4, Ehlers Fisher Transform.mq4, Ehlers Fisher Transform template.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Period | 10 | Period or timeframe used by the calculation |
| Price type | PRICE_MEDIAN | |
| Show signal line | true | |
| Alerts and arrows on zero cross | true | Turn this alert on or off |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts notify | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| __ | arrows settings | |
| Arrows show | true | |
| Arrows identifier | fisher2Arrows | |
| Arrows upper gap | 0.5 | |
| Arrows lower gap | 0.5 | |
| Arrows up color | DeepSkyBlue | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code