The Elegant Oscillator was created by John Ehlers (Stocks and Commodities Feb 2022 pg 21) and for those of you who don't know, he introduced the indicators for the Fisher Transform and Inverse Fisher Transform and this is a new updated version to that idea based on his latest research. This uses a soft limiter which he says is superior to a hard limiter. There are several ways to interpret this indicator. First if the indicator is above the 0 line then it is a long term bullish trend and below 0 a long term bearish trend. Second this indicator can be used for reversal points with the peaks and valleys. Finally when the indicator line starts moving higher for example it is a bullish short term trend and vice versa. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
Man, I have a request...and one which by my extensive research I have yet to find in TV....that being implementations on the Low Volume Nodes (LVN) of the Volume Profile. For the life of me I cannot figure out why this is as I believe it it hold VERY valuable information within it. I would be VERY grateful to you if you'd consider it. Arrays to this day baffle me and I cant seem to figure out why. Ive taken at least 5-7 diff VP scripts(literally) to attempt to manipulate (as many have High Volume Nodes coded within them) into what I need and STILL am having issues with it. Either way, thank you for your time and dedication that you put into all of your work. It has immensely aided the TV community. Peace Brother.
cheatcountry
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@chasinalts, Can you send me any reference information you have via pm?
EnemyBagJones
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@chasinalts, do you have anything to share on this?
RedKTrader
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This looks promising - thank you for sharing...
cheatcountry
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@RedKTrader, thank you! have plenty more indicators to publish in the next few weeks