H Capital Fisher Transform is a cTrader indicator implementing the Fisher Transform developed by John F. Ehlers. It measures price position within its recent range and applies a mathematical transformation to highlight sharp peaks and troughs, aiding visualization of short-term market direction changes. The indicator includes two calculation modes based on Ehlers' 2002 and 2004 formulas, with the 2004 version as default. Key features include an adjustable lookback period, multiple price-source options, Fisher line, trigger line (previous Fisher value), zero reference line, and optional alerts for Fisher/Trigger crossovers and zero-line crossings. Alerts are triggered only on confirmed closed bars. The indicator outputs public data series for integration with other cTrader bots or indicators and avoids future-bar or look-ahead calculations. Rising Fisher values indicate price moving toward the upper range, while falling values indicate movement toward the lower range. Crossovers between Fisher and trigger lines signal short-term directional changes. Large extreme readings reflect price near range limits but are not standalone buy or sell signals. This tool is intended primarily for market analysis and confirmation rather than as a sole trading system. It is part of the H Capital project focused on transparent, accurate, and simple implementations of established indicators for research and educational use.