Fisher Transform indicator

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Fisher Transform indicator


Fisher Transform indicator


Fisher Transform or Fish indicator is used to determine price reversals.
The Fisher Transform formula transforms the probability density function of any waveform to a function similar to a Gaussian probability density function.
The function can transform instrument prices as well as any technical indicator. For example you can apply the Fisher Transform to the Relative Strength Index indicator. The transformed time series have very sharp turning points and therefore produce clear and precise bullish and bearish signals.

Bullish and bearish signals are generated when the Fisher line crosses above or below its signal line, which is the fisher transform one bar ago.

Here is the formula of the Fisher signal line:
Value:=0.66*((Price-MinL)/(MaxH-MinL)-0.5)+0.67*Value_prev;
if Value>0.99 then Value:=0.999;
if Value<-0.99 then Value:=-0.999;
Fish:=0.5*ln((1+Value)/(1-Value))+0.5*Fish_prev;

MaxH is the highest high for the last period candles
MinL is the lowest low for the last period candles

Price can be High, Low, Open, Close, Middle, Typical and Weighted. (Middle is set by default).
Multiplier is smoothed second line.



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User Comments

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No Member Photo by Ivan posted Friday, December 30, 2011
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Thanks!!!!
No Member Photo by Administrator posted Friday, December 30, 2011
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Dear Ivan,
probably you try to compile this indicator in the strategy editor.
Please, NOTE that the indicator should be added and compiled in INDICATOR editor (not the Strategy editor)

Best Regards

ActFX support team
No Member Photo by Ivan posted Friday, December 30, 2011
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Hi! I have a problem to install the script. Error line 3 Column 19 Undeclared identifier: "Separated". I don´t have any idea in programer. Can u help me?
No Member Photo by Joe posted Wednesday, October 12, 2011
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Is this provided by FxSol?


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