SoftKill21

Ehler Fisher applied on distance EMA

This is an improved version of Fisher, which use as a source the distance from EMA , compared to the initial source which was on the close of a candle.

It can be used in any market, any time frame .


For conditions we have multiple conditions for the logic, in this case initially if our fisher is above 0 is a long direction ,if its belowe 0 its a short direction.

Also we can improve this condition even further, in this case if we cross up our previous line its a buy signal, and if we cross down its a sell signal.


For best usage combine the cross together with the position of fisher respecting the 0.


If you have any other questions, let me know with a private message.



My website: https://www.atraderlife.com/

Telegram group: https://t.me/atrader_life

DONATION
BTC: 347p8NNwnHmAUfyJXWaeLUgrpHwthmr5UP

TV
https://www.tradingview.com/gopro/?share_your_love=SoftKill21
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?