Fisher Transform, clone of MT4 "Fisher_no_repainting" [Loxx]

The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution.1 The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a trend.

Included:
- Oversold and overbought regions

This is an exact clone of the "Fisher_no_repainting" MT4 indicator

Release Notes

Updated algo

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

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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 publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Also on:

Disclaimer

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