KEY TAKEAWAYS
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The Fisher Transform attempts to normalize asset prices, thus making turning points in price clearer.
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Some traders look for extreme readings to signal potential price reversal areas, while others watch for a change in direction of the Fisher Transform.
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The Fisher Transform formula is typically applied to price, but it can also be applied to other indicators.
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Asset prices are not normally distributed, so attempts to normalize prices via an indicator may not always provide reliable signals.
Fisher Transform Properties that can be edited
Example of Chart with Fisher Transform study
