asterbots

Inverse Fisher Transform Screener

asterbots Actualizado   
This is a Screener for Inverse Fisher Transform on multiple oscillators

This tool is intended to aid you to visually analyse reasonable buy and sell IFT-signal thresholds across multiple tokens and different sources. It will help you speed up the tedious and manual work of trying out different IFT-settings when you're able to review the chart visually to find which values are present the most often and the location of that signal on the chart.

What does it bring to the table, why is it useful?
- Invese Fisher Transform on multiple oscillators such as RSI, MFI, CCI, Stochastic
- Combine multiple sources into one signal, select how it's calculated
- Visually review the chart for good IFT-settings
- 4 dynamic buy labels with different thresholds
- 4 dynamic sell labels with different thresholds
- Buy and sell on signal reversal
- Create your own trade alerts for automation
- Backtester compatible (plots 1 and 2 for buy and sell signals)
- A dynamic table counting amount of signals for each setting
- The labels are automatically updated when you change the values in the settings

How to use?
1. Change signal source and method
2. Change buy and sell thresholds
3. Show/hide additional labels
4. Review chart
5. Change trade settings
6. Backtest
7. Create alerts

Description
With this indicator you're able to visually review the signal strength of one or multiple oscillators processed with Inverse Fisher Transform ( IFT ), combine them and choose the method of calculation when they are combined. This produces a signal which strongly fluctuates between -1 and +1 instead of the more common 0-100 most oscillators uses. The intention is to make the decision making clearer and easier when you decide when to enter or exit a trade. This aims to help you remove the feelings from your trading.

Inverse Fisher Transform was first presented by John Ehlers in Stocks & Commodities V. 22:5 where he proposes to process RSI with the formula for hyperbolic tangent, tanh (x). This transforms the oscillator into a smoother and more compressed version with quicker oscillations.
Notas de prensa:
Added Absolute Maximum and Absolute Minimum as calculation method for the combined signal. Absolute Maximum uses the value furthest away from the neutral center (+-0) regardless of if it's a positive or negative value. Inverse is true for Absolute Minimum.

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thetradingparrot.com/tiers
discord.gg/Ga2M82rQHj
Script que requiere invitación

El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Póngase en contacto con asterbots para obtener más información o siga las siguientes instrucciones del autor.

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Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

Instrucciones del autor

You can use this script by becoming a VIP member of patreon.com/thetradingparrot, join our discord community at discord.gg/aXD8NGpyuc

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