OPEN-SOURCE SCRIPT

Fisher Transform Indicator by Ehlers Backtest v 2.0

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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 swings as relatively rare events.
Fisher transform formula is: y = 0.5 * ln ((1+x)/(1-x))
The sharp turning points of these peak swings clearly and unambiguously
identify price reversals in a timely manner.

For signal used zero.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.

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