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Fisher

BTCUSD Fisher Transform of OBVFor this chart I utilized the Fisher Transform of the On Balance Volume (OBV) to identify common patterns not particularly discoverable by looking at price alone. Notice I do not portray a forecast using the same candle movement as when the fisher pattern indicates a repeating trend. This is because the price action will most likely not follow the same historical price pattern. What the Fisher Transform has identified for us is a common wind up characteristic only seen by a Gaussian normal distribution of the action. In this way, the indicator highlights when prices have moved to an extreme, based on recent prices. In this case we are considering the On Balance Volume (OBV). Note that this is simply an idea and should not be taken as a prediction with targets. You can see the efficacy of this indicator by looking at the following charts which were intended with price prediction in mind.
BITSTAMP:BTCUSDEducation
by embeddedthought
3
ASX - over extended market.The market has over extended now and as i have mentioned in my previous post, i am expecting green this week. Today's close is evident of that and looks good for a 1-2 week up trend. I Expect us to reach the red area before heading down lower. friend of mine mentioned that US earning reports re coming out in 2 weeks. This may be the catalyst that takes us lower into the next lot of targets. Other than that, we should have some relief. Fisher and RVGI ready to reset.
ASX:XJOLong
by rarea
NVDA Set to Test ATHNVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the correction. Short term bullish, medium term bearish, long term bullish. Only playing with vertical spreads using a bounded-range strategy.
NASDAQ:NVDA
by Derivati_Capital
S&P 500: Low lag indicators are starting to show bearish signalsAre we headed for a stock market crash in 2018? At least in the near-term (next days to weeks) there are growing risks to the downside as the potential for a sharp pullback is gaining power as I'm showing here. On this chart I'm using two different indicators, which both have as one of their main features that they exhibit a very low lag. Moving averages make it easier to analyze price movements, but the price smoothing creates lag. One approach which is trying to solve this issue is the HMA - Hull Moving Average . The idea was developed by Alan Hull and he reduces lag by using the square root of a given period instead of the actual period itself. And he also uses weighted moving averages, which are more similar to but a little faster than exponential moving averages. On the chart the recent daily close price is below the 18 period Hull Moving Average, which is bearish and if the market would decline very soon, the HMA would start to slope downwards, which would be the second bearish signal given by this indicator. The second indicator on the chart is a oscillator. I'm using the Fisher Transform which was developed by John Ehlers . The Fisher Transform converts data to have nearly a Normal Probability Distribution. The Fisher Transform changes the probability density function (PDF) of any waveform so that the transformed output has an approximately Gaussian PDF. If the prices are normalized using Fisher Transform , extreme price movements are relatively rare events. This means turning points can be much easier identified. On the chart the 9 period Fisher Transform has started to slope downwards, which is bearish . The second bearish signal given by this indicator would be if the Fisher Transform would cross below its zero line. Which is not the case as of today. Conclusion: Both of these low lag indicators have started to show early bearish signals (Hull MA above price, Fisher sloping downwards) with both indicators having signal-wise more downside potential left, because both aren't fully bearish yet (Hull MA slope not yet declining, Fisher Transform not yet below its zero line). Short entry: 2730 Target: 2675 Stop loss: 2745 Risk: 15 points, Reward: 55 points Risk/Reward Ratio: 3.6666666667 P.S. Here you can learn more how these two indicators work: - Hull Moving Average alanhull.com - Fisher Transform www.mesasoftware.com
SP:SPXShort
by ChartArt
8