double fisher system based on nmike system.
Credit to HPotter - colour code borrowed from his AO script.
A simple mash-up of the On Balance Volume (OBV) indicator with the Fisher Transform indicator (blue) with the classic Fisher Transform signal trigger (silver color), plus a linear regression as a second signal line (red). I recommend to use a period for the linear regression which has the same speed or is slower than the period of the Fisher Transform to avoid...
What this indicator gives you is a true signal when price is exhausted and ready for a fast turnaround. Fisher Transform is set for multi-time frame and also allows the user to change the length. This way a user can compare two or more time spans and lengths to look for these MACDL divergent triggers after a Fisher exhaustion. With so many indicators, it's...
Direct port of the original Fisher Transform to TradingView: media.johnwiley.com.au www.mesasoftware.com This might be better suited to be combined with other indicator to be effective, such as the Fisher Transform of RSI. I hope you have found this useful :) Happy trading. Thanks to @MikeLloyd for referring me to this, and here's my port for you.
Market prices do not have a Gaussian probability density function as many traders think. Their probability curve is not bell-shaped. But trader can create a nearly Gaussian PDF for prices by normalizing them or creating a normalized indicator such as the relative strength index and applying the Fisher transform. Such a transformed output creates the peak...
Suggested by John Ehlers, IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators. The 3 IFT based indicators in this chart are: - Inverse Fisher on RSI (IFTRSI) - Inverse Fisher on MFI (IFTMFI) - Inverse Fisher on CyberCycle (IFTCC) Suggested method to use any IFT indicator is to buy when the indicator crosses over...