Price squeezed into a bell shape, so extremes stand out.
Price is normalised to −1…1 over the window and then run through a formula that makes extremes sharp and rare.
It turns quickly, which is exactly why traders use it for turning points.
Worked out by the same code the builder uses, on stored daily candles. Move a setting and the line moves with it. This is what happened, not what will happen.
Entry: Fisher transform(9) crosses above 0.
Sharp turns also mean many false ones; pair it with a trend gate.
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