Hey fellow traders! If you're looking to sharpen your trading edge, let me introduce you to a nifty tool developed by John Ehlers: the Inverse Fisher Transform RSI. This is not your run-of-the-mill RSI; it’s a game-changer when it comes to identifying trigger points in your trades.
So, what’s the scoop? The standard RSI (Relative Strength Index) gives you a good idea of market momentum, but the Inverse Fisher Transform takes it a step further. It recalibrates the RSI values so they’re centered around zero, making it much easier to spot those key turning points in the market.
Using this indicator can help you make more informed decisions and potentially boost your trading performance. If you're trading on MetaTrader 4, this unsmoothed version of the Inverse Fisher Transform RSI is definitely worth a look!
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