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OPEN-SOURCE SCRIPT

Fisher Transform Multi-Timeframe

By mortdiggiddy
Updated
Plots the multi-timeframe version of the fisher transform. When the desired interval is less than the chart interval, the intermediate values of the transform will be displayed.
Release Notes
Fixed error in final smoothed fisher transform.

  • Added bar coloring for convenience.
  • Added zero line.


See calculation here: finance4traders.blogspot.com/2009/06/what-is-fisher-transform.html
See use cases here: tradesoftheday.com/how-to-use-fisher-transform-to-identify-reversals-and-increate-profit-potential/
Release Notes
Matched default values to Trading View built in Fisher Transform indicator. You should see identical values.
Release Notes
  • Added some basic trending functions to show the trend and prevent whipsaws. The trend can only change at the last candle of the fisher transform desired interval.
Release Notes
  • Added alert conditions for trend changes.
Release Notes
  • Fixed bugs.


snapshot
Release Notes
  • Added shading fill to Fisher:Fisher[1] lines .
  • Added SRC price options: Close, HL3, OHLC4
Release Notes
  • Fixed bug.
Release Notes
  • Added 4 color themes for convenience
  • Added 2 thresholds that determine both the candlestick color and the fisher trend color
fisherFisher TransformOscillators

Open-source script

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. You can favorite it to use it on a chart.

Want to use this script on a chart?

mortdiggiddy
Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
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