HPotter

Fisher Transform Indicator by Ehlers Backtest v 2.0

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.
Remove from Favorite Scripts Add to Favorite Scripts
DONATE/TIP

BTC: 3FKWwtaYrf5NHZzaCi1fyAfQj7XSgtyCqe
Hello! I would like to thank you for your job! i learn a lot with your descriptions under your indicators. I was wondering why under some of your scripts, you advise to don't use it for real trading please? Is it because there are much more better indicators and strategy today? (sorry for my bad english, and thanks again for your sharing)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out