Purpose and Usage The purpose of this strategy is to create a composite indicator that combines the signals from the MFI, Fisher Transform, and Bollinger Bands %b indicators. By normalizing and averaging these indicators, the script aims to provide a smoother and more comprehensive signal that can be used to make trading decisions.
MFI (Money Flow Index): Measures buying and selling pressure based on price and volume. Fisher Transform: Highlights potential reversal points by transforming price data to a Gaussian normal distribution. Bollinger Bands %b: Indicates where the price is relative to the Bollinger Bands, helping to identify overbought or oversold conditions. The combined indicator can be used to identify potential buy or sell signals based on the smoothed composite value. For instance, a high combined indicator value might indicate overbought conditions, while a low value might indicate oversold conditions.
Versionsinformation
Purpose and Usage The purpose of this strategy is to create a composite indicator that combines the signals from the MFI, Fisher Transform, and Bollinger Bands %b indicators. By normalizing and averaging these indicators, the script aims to provide a smoother and more comprehensive signal that can be used to make trading decisions.
MFI (Money Flow Index): Measures buying and selling pressure based on price and volume. Fisher Transform: Highlights potential reversal points by transforming price data to a Gaussian normal distribution. Bollinger Bands %b: Indicates where the price is relative to the Bollinger Bands, helping to identify overbought or oversold conditions. The combined indicator can be used to identify potential buy or sell signals based on the smoothed composite value. For instance, a high combined indicator value might indicate overbought conditions, while a low value might indicate oversold conditions.
Versionsinformation
Purpose and Usage The purpose of this strategy is to create a composite indicator that combines the signals from the MFI, Fisher Transform, and Bollinger Bands %b indicators. By normalizing and averaging these indicators, the script aims to provide a smoother and more comprehensive signal that can be used to make trading decisions.
MFI (Money Flow Index): Measures buying and selling pressure based on price and volume. Fisher Transform: Highlights potential reversal points by transforming price data to a Gaussian normal distribution. Bollinger Bands %b: Indicates where the price is relative to the Bollinger Bands, helping to identify overbought or oversold conditions. The combined indicator can be used to identify potential buy or sell signals based on the smoothed composite value. For instance, a high combined indicator value might indicate overbought conditions, while a low value might indicate oversold conditions. 2 saat önce Sürüm Notları: Purpose and Usage The purpose of this strategy is to create a composite indicator that combines the signals from the MFI, Fisher Transform, and Bollinger Bands %b indicators. By normalizing and averaging these indicators, the script aims to provide a smoother and more comprehensive signal that can be used to make trading decisions.
MFI (Money Flow Index): Measures buying and selling pressure based on price and volume. Fisher Transform: Highlights potential reversal points by transforming price data to a Gaussian normal distribution. Bollinger Bands %b: Indicates where the price is relative to the Bollinger Bands, helping to identify overbought or oversold conditions. The combined indicator can be used to identify potential buy or sell signals based on the smoothed composite value. For instance, a high combined indicator value might indicate overbought conditions, while a low value might indicate oversold conditions.
v2 Notes: -Buy and Sell Signals Added: Buy and sell signals are now integrated into the script.
-Band Levels Added: Horizontal reference lines (bands) at specific levels are included.
-Minimum Number of Bars Between Buy and Sell Signals Added: A user-defined input for the minimum number of bars between buy and sell signals is implemented.
-HUN Portfoy Percentage Change Added: The percentage change calculation for the HUN Portfoy combined indicator is included.
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 publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.
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