Indicators: Three included :: IFT on CCI, Z-Score and R-Squared by LazyBear

lazybear custom indicators tushar chandemo statistics

*** Full description in the comment below ******

This chart has 3 indicators:
- Chande's R2
- Zscore
- Inverse Fisher Transform on CCI

Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note. 
// 
study("Inverse Fisher Transform CCI [LazyBear]", shorttitle="IFTCCI_LB")
length = input(title="CCI Length", type=integer, defval=20)
src = close
cc=cci(src, length)

// Calculate IFT on CCI
lengthwma=input(9, title="Smoothing length")
calc_ifish(series, lengthwma) =>
    v1=0.1*(series-50)
    v2=wma(v1,lengthwma)
    ifish=(exp(2*v2)-1)/(exp(2*v2)+1)
    ifish

plot(calc_ifish(cc, lengthwma), color=teal, linewidth=1)
hline(0.5, color=red)
hline(-0.5, color=green)
hline(0)

Indicators: Three included :: IFT on CCI, Z-Score and R-Squared

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