Hello Mrtools,
Is it possible to make this indi available for MT5?
It's probably one of the best ones to find divergencies in H4.

Thank you so much in advance

Marco_Sousa wrote: Thu Jun 26, 2025 2:15 am Hello Mrtools,
Is it possible to make this indi available for MT5?
It's probably one of the best ones to find divergencies in H4.

Thank you so much in advance

Ehlers Fisher Transform Divergences for MT5

Hello, please test this one think it is close.

mrtools wrote: Thu Jun 26, 2025 10:02 am Hello, please test this one think it is close.

When you say its close does it mean it might not be the same/something missing? Not trying to pick a bone just starting to like the new mt5 codes youre porting over honestl just scared to abandon mt4 totally lol

boytoy wrote: Thu Jun 26, 2025 10:47 am When you say its close does it mean it might not be the same/something missing? Not trying to pick a bone just starting to like the new mt5 codes youre porting over honestl just scared to abandon mt4 totally lol

Thanks for the question, coded it the same but it has a new price mode option that Mladen added in his mt5 version, other than that it should be the same.

Mladens explanation:

Theory:

Ehlers' Fisher transform has a long history of being plain wrongly coded (as the famous "solar wind") or wrongly coded because of misinformation. Some fault is the fault of coders (like the "solar wind" case). But some is caused by John Ehlers himself. In his book he introduces one formula at page 7 when showing TS code, and only one page later, when showing EFS code, the formula is changed. The difference is that in the EFS formula he sets the initial highest high and lowest low values to high and low of the current bar and then he checks if the prices exceed those initial values, while in TS code that initial value assignment does not exist at all. The difference might not seem big, but it exists and the final result is different (sometimes significantly).

This version:

Allows you to chose between the two modes : mode without the high/lows of current bars included (default) and mode with those prices included.

mrtools wrote: Thu Jun 26, 2025 11:05 am Thanks for the question, coded it the same but it has a new price mode option that Mladen added in his mt5 version, other than that it should be the same.

Mladens explanation:

Theory:

Ehlers' Fisher transform has a long history of being plain wrongly coded (as the famous "solar wind") or wrongly coded because of misinformation. Some fault is the fault of coders (like the "solar wind" case). But some is caused by John Ehlers himself. In his book he introduces one formula at page 7 when showing TS code, and only one page later, when showing EFS code, the formula is changed. The difference is that in the EFS formula he sets the initial highest high and lowest low values to high and low of the current bar and then he checks if the prices exceed those initial values, while in TS code that initial value assignment does not exist at all. The difference might not seem big, but it exists and the final result is different (sometimes significantly).

This version:

Allows you to chose between the two modes : mode without the high/lows of current bars included (default) and mode with those prices included.

Ok history lesson right there.. bit of a big deal reading this so ehlers released the fisher transform for tradestation as one code and esignal with a different formula.. Then grifters stole the code and made solar wind indicator out of it? Haha what

Thank you so much mrtools, I'm moving to MT5 and Ehlers Fisher transform is essential for my charts.
I must say that Cagliostro is the one who changed my mind with his awesome trading system.

And yes, there some minor differences but it works perfectly.

Marco_Sousa wrote: Fri Jun 27, 2025 2:40 am Thank you so much mrtools, I'm moving to MT5 and Ehlers Fisher transform is essential for my charts.
I must say that Cagliostro is the one who changed my mind with his awesome trading system.

And yes, there some minor differences but it works perfectly.

Hello, did this version too, looks like it may be closer to the version you posted.

Yes it is. Thank you again for your effort, you always go the extra mile for the good of the forum.

moey_dw wrote: Wed Jun 25, 2025 8:16 pm YES PLEASE!!!!!

Are you pro-tester actually, so, I will receive 100 pages long testing report AI cannot do ? The only place to test something like this is AI.

I am also design perfectionist, not only with logic with math having 27 years experience as quant. Its the only and last think AI cannot do, visual thinks it cannot tell.

For some odd reason I like this view, but theres nothing smart & intelligent with with it yet applied from modules, just one I like design itself hit as scatch.

Google have now mutants. so do I.

ZigZag wrote: Fri Jun 27, 2025 5:39 am Are you pro-tester actually, so, I will receive 100 pages long testing report AI cannot do ?

100 pages.......... more like 200 pages that can be summarized into 5 page pdf plus a few diagrams maybe!!!