USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals in the discretionary trading.
Interesting Divergence behavior in USDINR Daily charts while trying to use Fisher Transform indicator by Ehlers. Almost every divergence as shown in the above charts extended any where between 28-34 days. Divergence generally occurs when an indicator and the price of an asset are heading in opposite directions. Current positive divergence is running on for last 32 days i.e USDINR rate is slowing and moving down however fisher indicator is turning upwards.