Limited Fisher Transform

9 thg 2, 2023

what is Limited Fisher Transform?
This indicator is a compressed version of the Fisher transform indicator between 100 and 0 values.

what it does?
It allows us to define overbought and oversold zones by compressing the values ​​of the "fisher transform" indicator between 0 and 100. also these zones are the same for every timeframe and trading pair, just like RSI.

how it does it?
it use this formula: https://www.tradingview.com/x/sTVRCUo3/
x = fisher transform values
a = average

how to use it?
its use is indistinguishable from the standard fisher. You can use it to set alarms for overbought and oversold zones. so you will be notified when a possible opportunity arises in the market.

https://www.tradingview.com/x/BdeHRx9k/

12 thg 4, 2023

Phát hành các Ghi chú

barcolor and bgcolor options added.

16 thg 8, 2023

Phát hành các Ghi chú

no longer gives consecutive buy and sell signals, limited to once at "length" bars only.