About John EHLERS: From California, USA, John is a veteran trader. With 35 years trading experience he has seen it all. John has an engineering background that led to his technical approach to trading ignoring fundamental analysis (with one important exception). John strongly believes in cycles. He’d rather exit a trade when the cycle ends or a new one starts....
Based on 3 Fisher transforms -- this script look for confluence on crosses of 0 this is alert enabled; make sure to use 'once per bar on close' hope it helps xoxo --sn00p
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...
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...
Colours change faster now using the white line as reference rather than the bars.
RSI inverse fisher transform (fishy turbo) as described here: autotradingstrategy.wordpress.com forexsb.com update: added color conditional.
RSI inverse fisher transform (fishy turbo) as described here: autotradingstrategy.wordpress.com forexsb.com
Credit to HPotter - colour code borrowed from his AO script.
Depending on the new trend - Fisher 100 crossing 0; Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
UPDATE: added CCI to the list of oscilators.
Update: added Fisher Transform to the list of oscillators.
added ability for selecting src to the fisher() function. now can be used with rsi/stoch/macd/etc...
This is a simple code that allows a user to use Fisher Transform Indicator for multiple time frames.
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...