OPTIMIZED FISHER TRANSFORM [FISHER]

THE FISHER TRANSFORM IS A TECHNICAL INDICATOR CREATED BY J.F. EHLERS THAT CONVERTS PRICES INTO A GAUSSIAN NORMAL DISTRIBUTION. IN THIS WAY, THE INDICATOR HIGHLIGHTS WHEN PRICES HAVE MOVED TO AN EXTREME, BASED ON RECENT PRICES. THIS MAY HELP IN SPOTTING TURNING POINTS IN THE PRICE OF AN ASSET. IT ALSO HELPS SHOW THE TREND AND ISOLATE THE PRICE WAVES WITHIN A TREND.