Ehlers Fisher Transform Indicator
The Ehlers Fisher Transform Indicator is used to identify potential reversal points by transforming price data into a Gaussian distribution. When trading with this indicator, look for color changes: typically, a line that turns green signifies a bullish trend and signals a buy opportunity, while a red line indicates a bearish trend and suggests a sell opportunity. Traders often confirm signals with additional indicators or chart patterns, and it’s advisable to set stop-loss orders to manage risk effectively. Always consider market context and use proper risk management strategies to enhance trading success.