Fisher Indicator
The Fisher Indicator, developed by John F. Ehlers, is a technical analysis tool that transforms prices into a Gaussian (normal) distribution, aiming to identify potential reversals in the market. It mainly focuses on capturing extreme movements, leveraging the Fisher Transform to highlight overbought and oversold conditions. Traders typically use the Fisher Indicator alongside other technical indicators to improve the accuracy of their trading signals, as it provides a clearer view of momentum shifts and potential turning points in price action.