Fisher Fell on the Last Candle
Helper filterSHORT
Single condition: Fisher stepped down compared to the previous candle. Going sideways doesn't count as falling.
What is Fisher?
The panel has two lines: Fisher (blue) and Trigger (red dashed) — trigger is Fisher delayed by one candle. Fisher fits price onto a bell curve to sharpen turning points: unlike RSI it doesn't run 0-100, it moves on either side of zero. Above zero is buyer, below is seller territory.
Why is it risky on its own?
Sideways, Fisher keeps changing step and every step satisfies the condition. Its actual use is being a direction filter alongside a trigger.
Does this condition have a setting?
The window and strength boxes are never read in this condition; they're dimmed so as not to mislead.
Does this condition close the position?
It only approves the entry; even if the condition breaks afterward, it doesn't close the position. What closes it is your choice: if Profit Lock is on, PNL tracking takes over (while it's on, the Trailing Stop, Take Profit Net, Limit Take Profit Net boxes are locked); if it's off, the numbers you entered in these three are placed as orders on Binance and the position closes from there. DCA Rescuer and Liquidation Shield kick in under their own conditions; and you can always close from the panel with CLOSE or manually from Binance.
