Fisher Transform
MomentumOwn panel belowA transform that stretches the price distribution towards a bell shape so extremes stand out.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Prices normally bunch in the middle; this pulls that bunching out towards both ends, which makes sharp peaks very visible.
Where it misleads
Being stretched, it spikes hard at the ends — the size of the spike is not itself meaningful.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Relative Vigor IndexHow far above the open the close finished, divided by that bar's range.
- Balance of PowerWho won inside a single bar, buyers or sellers, on a −1 to +1 scale.
- Connors RSIRSI combined with a run-of-up-days count and how unusual today's change is.
- Stochastic Momentum IndexA stochastic measured from the middle of the recent range instead of the low.
- SMI Ergodic IndicatorA smoothed momentum line whose arithmetic is essentially TSI.
- SMI Ergodic OscillatorThe gap between the SMI Ergodic Indicator and its signal line, drawn as bars.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.