Fisher Transform

This is a revised version of the original "Price Divergence Detector by RicardoSantos". Description: Price Divergence detection for various methods : RSI, MACD, STOCH, VOLUME, ACC-DIST, FISHER, CCI, BB %B and Ehlers IdealRSI. Both Hidden and Regular Divergences are detected. Mofidifications: Revision 3.0 by JustUncleL Added option to disable/enable Hidden ...

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 ...

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 ...

Contains RSI; EMA of RSI; EMA of EMA of RSI; Stochastic Oscillator; 2 Inverse Fisher Transforms on RSI - IFRSI89 and IFRSI233 XOVER on higher timeframes from oversold/overbought is useful signal; RSI Trend/Divergence Candles with color variation based on multiple RSI length detection of trend decay; Chart candle overlay coloring based on RSI, eRSI, and eeRSI EMA55 ...

Direct port of the original Fisher Transform to TradingView: http://media.johnwiley.com.au/product_data/excerpt/78/04714630/0471463078.pdf http://www.mesasoftware.com/Seminars/TradeStation%20World%2004.pdf 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 :) ...

Nothing fancy, just the Fisher Transform Indicator for those that want the source to it so they can modify it.

Credit to HPotter - colour code borrowed from his AO script.

double fisher system based on nmike system.

An inverse fisher transformation of a modified RSI plotted against a smoothed version of itself. The general trading rules of this indicator are as follows: 1. if the histogram is > 0 and above the line and is green; buy if the histogram is > 0 and is below the line (green or gray); sell buy position 2. if the histogram is < 0 and below the line and is red; ...