OPEN-SOURCE SCRIPT
Atualizado

Fisher Transform Multi-Timeframe

Plots the multi-timeframe version of the fisher transform. When the desired interval is less than the chart interval, the intermediate values of the transform will be displayed.
Notas de Lançamento
Fixed error in final smoothed fisher transform.

  • Added bar coloring for convenience.
  • Added zero line.


See calculation here: finance4traders.blogspot.com/2009/06/what-is-fisher-transform.html
See use cases here: tradesoftheday.com/how-to-use-fisher-transform-to-identify-reversals-and-increate-profit-potential/
Notas de Lançamento
Matched default values to Trading View built in Fisher Transform indicator. You should see identical values.
Notas de Lançamento
  • Added some basic trending functions to show the trend and prevent whipsaws. The trend can only change at the last candle of the fisher transform desired interval.
Notas de Lançamento
  • Added alert conditions for trend changes.
Notas de Lançamento
  • Fixed bugs.


snapshot
Notas de Lançamento
  • Added shading fill to Fisher:Fisher[1] lines .
  • Added SRC price options: Close, HL3, OHLC4
Notas de Lançamento
  • Fixed bug.
Notas de Lançamento
  • Added 4 color themes for convenience
  • Added 2 thresholds that determine both the candlestick color and the fisher trend color

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