fisher
Function Name: fisher
Tags: None
Category: Trend
Fisher Transform (FT) is based on the assumption that prices don't have a Gaussian probability density. When the trend changes the indicator reverses very sharply.
This indicator can be very useful for pinpointing entries for short-term trades. When the FT crosses above the signal line from below, it's a bullish signal and it's time to buy. When FT crosses below the signal line from above, it's a bearish signal and it's time to sell.
Author: John Ehlers
Source: S&C Nov 2002: "Using The Fisher Transform"
Link: http://media.wiley.com/product_data/excerpt/78/04714630/0471463078.pdf
period |
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Default Value: 10 | Minimum: 1 | Maximum: 9999 |
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Type: Numeric |
ShowLine |
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Default Value: -1 |
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Type: Boolean |
ShowHistogram |
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Default Value: 0 |
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Type: Boolean |