Fisher Transform Strategy
Direct port of the original Fisher Transform to TradingView: media.johnwiley.com....14630/0471463078.pdf
www.mesasoftware.com...Station World 04.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 :) Happy trading.
Thanks to @MikeLloyd for referring me to this, and here's my port for you.
www.mesasoftware.com...Station World 04.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 :) Happy trading.
Thanks to @MikeLloyd for referring me to this, and here's my port for you.
study(title="Fisher Transform (LastBattle)", shorttitle="Fisher (LastBattle)") /// Define graph data src = close src_high = high src_low = low /// User input length fisherlen = input(21, minval=1, title="Fisher Length") // Fisher Price = (src_high + src_low) / 2 MaxH = highest(src_high, fisherlen) MinL = lowest(src_low, fisherlen) Value1 = max(-0.9999, min(0.9999, 0.5 * 2 * ((Price - MinL) / (MaxH - MinL) - 0.5) + 0.5 * nz(Value1[1]))) Fish = 0.25 * log((1 + Value1) / (1 - Value1)) + 0.5 * nz(Fish[1]) /// Plot plot(Value1, color=green) plot(nz(Fish[1]), color=red) // trigger/signal line // Background color //sellSignal = (nz(Fish[1]) < -0.3 and nz(Fish[1]) > 0.9 * nz(Fish[1])) //bgcolor(sellSignal ? red : white, transp=90) // Band range band_green_top = hline(.6999) band_green_bottom = hline(.9999) fill(band_green_top, band_green_bottom, color=green, transp=90) band_red_top = hline(-.6999) band_red_bottom = hline(-.9999) fill(band_red_top, band_red_bottom, color=red, transp=90)