This indicator detects three kinds of price action patterns:
ii - consecutive inside bars ( high and low inside of the previous bar), triangle on a lower timeframe
oo - consecutive outside bars ( high above the high of the previous bar and the low below the low of the previous bar), expanding triangle on a lower timeframe
ioi - inside outside inside, diamond...
This is an experimental study designed to visualize price activity using John Ehlers Fisher Transform and Inverse Fisher Transform methods.
The Ehlers Fisher Transform is a variation of R. A. Fisher's Z transformation.
In this study, there are five oscillator types to choose from:
-Fisher Transform Indicator - A conversion of price's probability distribution to...