The Swami Intraday Fisher indicator is an indicator for short time frames of 5-15 minutes. As with other "stoplight" SwamiCharts, green is
a bullish indication, red is a bearish indication, and yellow is indeterminate.
The Fisher Transform is a mathematical function that provides non-linear gain
that accentuates extremes. The Swami Intraday Fisher uses this function to
amplify peak swings of price movements. Since only the larger swings are
amplified, the output is well-suited for intraday trading as price moves are
often identified early without whipsaws.
The above chart shows the EURUSD Forex using 5 minute data. A bullish short-term
reversal is quickly identified just after 6:45 and continues until 8:30.