Ehlers Fisher Stochastic Relative Vigor Index [CC]

The Fisher Stochastic Relative Vigor Index was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 101-104) and this is a many layered indicator created from his original Relative Vigor Index turned into a stochastic and then performing a Fisher transform on the results. I have included extra smoothing to provide clearer buy and sell signals as well as normal and strong buy and sell signals. As always strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.

Let me know if there are any other scripts you would like to see me publish!

Notas de prensa:

Updated to show overbought and oversold areas

Notas de prensa:

Fixed an issue pointed out to me by @jeno_