This is an optimized Fisher Transform, which attempts to improve upon the already existing fisher transform.
The main purpose of the Fisher transform is to change the bimodal PDF of price action to Guassian like, so that we can make assumptions about the probability of certain events.
This is why the Fisher transform mainly turns at 2, which represents the second...
Sapphire looks for standar deviation trade signals and does not filter the results in anyway. You will often be told by the indicator to buy & hold at a loss or to exit positions prematurely and miss out on noteworthy gains (in excess of 15% at times!).
This script was published as an educational example and not suggested for use in trading.
The indicator consists of multiple time frame SMA and PSAR, the very basic indicator but could be profitable.
SMA can be used as dynamic Support-Resistant levels, and value of higher time frame are considered more significant (major level).
For example, Bitcoin currently has weekly support at 6568$, and regarding to SMA of lower time frame (Day, 4H,..) that are...
First version here
2) Bollinger Bands (Basis - EMA )
3) Dispersion (around basis)
Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.
--- Add (02.10.2018)
1) RSI lines (overbought / oversold) = 70...