This indicator was worked on by Glaz, nmike and myself
LazyBear also introduced the MACDL indicator
study(title="Fisher Transform MTF", shorttitle="Fisher MTF") //Both fisher and macdl MTF resCustom = input(title="Timeframe", type=resolution, defval="60" ) //--------macdl src=close shortLength = input(12, title="Fast Length") longLength = input(26, title="Slow Length") sigLength = input(9, title="Signal Length") ma(s,l) => ema(s,l) sema = ma( src, shortLength ) lema = ma( src, longLength ) i1 = sema + ma( src - sema, shortLength ) i2 = lema + ma( src - lema, longLength ) macdl = i1 - i2 macdl2 = security(tickerid, resCustom,macdl) macd=sema-lema //-------end //---------fisher len = input(34, minval=1, title="Fisher") round_(val) => val > .99 ? .999 : val < -.99 ? -.999 : val high_ = highest(hl2, len) low_ = lowest(hl2, len) value = round_(.66 * ((hl2 - low_) / max(high_ - low_, .001) - .5) + .67 * nz(value)) fish1 = .5 * log((1 + value) / max(1 - value, .001)) + .5 * nz(fish1) fish2 = security(tickerid, resCustom,fish1) //------------end sw1=iff(fish2<-6 and macdl2>macdl2,1,0) sw2=iff(fish2>6 and macdl2<macdl2,-1,0) final=sw1+sw2 swap=final==1 or final==-1?fuchsia:green plot(fish2, color=swap, title="Fisher",style=histogram) hline(0, color=orange)
First let me tell you that this is great. I do agree that using 2 TF helps to have the timing right. I do add stochastic on top of it to get in at the right time. I'm trying to run some analysis. I was wondering how I could get these numbers in Excel? Would you be able to share the calculation process?
The general idea is to run a Long/Short strategy with a certain % of Oversold / Overbought stocks in a given index.
Is someone able to help ?
1. an histogram reporting the difference between two Fisher MTF ( in the attached 5 min chart I am for ex using 15 and 30 min for the 2 indicators). By looking at the chart behavior: highest difference between the two indicators seem to suggest probability of a reversal.
2. Another aspect to look at could be: monitor/highlight divergences when they are occurring nearly at the same time on both indicators, both timeframes.
3. Finally another last aspect possibly worthwhile to look at is: expect price trending down, when the fast indicator makes a lower low while being below the slow indicator, and vice versa.
I am not sure whether it would be possible to show in one or more indicators the above three points. However, ideally, it would be great to have this one, or three, indicator(s) in an universal format, so that their input can be not only the Fisher MTF considered here, but, alternatively, also any other indicator one could possibly wish to try to compare on Multiple Time Frames (such as, for es. SMA, EMA, other averages, McGinley, etc.. and maybe also RSI, KVO )
I've been an active follower of AMD stock and company for many years. As you can see in the chart the last two Weekly Fisher Exhaustion spikes picked out the bottom of AMD stock. If we we're to see a spike a again, It would put AMD stock shares below $1.00. This is a possibility if AMD decides to mothball all 28 nm technology and continue to concentrate develop 16/14 nm 10 nm APUs coming out in 2017.
AMD does have about a 2-3 year jump on Intel in developing heterogeneous Uniform Memory Access HUMA chips. Intel earlier this year, admits they mistakenly went in the wrong direction and now are also developing HUMA. Nvadia might be the biggest loser if AMD does strike it big in HUMA development on 16/14 nm chips, which would make Nvadia GPU stand alone units worthless.
AMD stock could break 1.95 in the next few months, which could happen if no new product announcements are made earlier next year. Expectations are high that AMD will push a last 28nm product line out, before TSCM is ready to manufacture 16nm chips later next year.
Semiconductor stocks as a whole could go further down, if manufactures delay roll out of these new chips. These smaller chips and more powerful chips are going to play a vital role in performance per watt and dollar. I do expect AMD to take the lead, taking market share from Intel, Nvadia and others in every area of computing. You're going to have to be patient while you wait to pick AMD stock and time those OTM call options. Don't fall for any PR or SA bloggers hype, what's going to drive AMD stock is the rollout of HUMA 16/14 nm chips, which probably isn't until early to mid 2016.
"Furthermore any further advancement would be greatly appreciated."
I'd love to see two different moving averages (both? using either optionable wma or ema or double-ema or triple-ema) calculated on the Fisher Transform and added to the indicator. With background color highlights when these two moving averages based on Fisher Transform cross bearish above the zero line, or cross bullish below the zero line, or just simply cross bearish or bullish.