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...
The Fisher Transform Indicator was created by John Ehlers and the beauty of this indicator is that it provides sharp and clear turning points that are also very early. Buy when the indicator line is green and sell when it is red.
This was a special request so let me know if you would like me to publish other scripts or if you want something custom done!
Direct port of the original Fisher Transform to TradingView: media.johnwiley.com.au
This might be better suited to be combined with other indicator to be effective, such as the Fisher Transform of RSI.
I hope you have found this useful :)...
The Discrete Fourier Transform Indicator was written by John Ehlers and more details can be found at www.mesasoftware.com
I have color coded everything as follows: blue line is the dominant cycle, orange line is the power converted to decibels, and I have marked the other line as red if you should sell or green if...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
™TradeChartist Transformer is an extremely useful indicator that transforms any indicator plot, Oscillatory or Non-Oscillatory into Support/Resistance levels, thereby generating trade entries on Price chart.
How does ™TradeChartist Transformer work?
1. Connect any external indicator plot to Transformer by choosing it from the Transformer's Plug Indicator...
🐮 Bull Bear Filter Stochastic v1.0 🐻 by Cryptorhythms
This is the next evolution in the Bull Bear Filter system, and while it may look plain, its quite powerful.
Utilizing the price action leading qualities of BBF, we then apply a stochastic transform to the vanilla BBF value. This results in an excellent timing indicator.
Default Settings are optimized for...