SuperTrend Fisher [AlgoAlpha]

Key Features:
๐ถ Customizable Settings: Tailor the indicator to your trading style with adjustable inputs like "Fair-value Period" and "EMA Length". Choose your preferred "Up Color" and "Down Color" for a personalized visual experience.
๐ถ Advanced Fisher Transform: At the heart of this tool is the Fisher Transform, an algorithm renowned for pinpointing potential price reversals by normalizing asset prices.
๐ถ Integrated SuperTrend Functionality: This feature adds a layer of trend analysis, using the refined Fisher Transform values to generate dynamic, trend-following signals.
๐ถ Enhanced Visualization: Clearly distinguishable bullish and bearish market phases, thanks to the color-coded plots of Fisher Transform and SuperTrend values.
๐ถ Overbought/Oversold Levels: Visual plots and fills for these levels provide additional insights into market extremities.
๐ถ Configurable Alerts: Stay informed with alerts for critical market movements like crossing the zero line or the SuperTrend.
Logic:
The "Super Fisher" operates on a sophisticated algorithm:
1. Fisher Transform Calculation: It starts by calculating the Detrended Price Oscillator (DPO) and its standard deviation. These values are then transformed using the Fisher Transform formula, which is subsequently smoothed with a Hull Moving Average.
2. SuperTrend Integration: The SuperTrend function employs the Fisher Transform values to create a dynamic trend-following tool. It calculates upper and lower bands and determines which one to use for market direction based on whether the fisher is above or below the bands, offering an insightful view of the price trend.
3. Overbought/Oversold Identification: The tool plots specific levels to indicate overbought and oversold conditions, aiding in the identification of potential reversal points.
Here's a closer look at the core calculations:
Calculates the Fisher Transform:
Calculates the SuperTrend:
How to Use:
๐ To maximize the potential of the "Super Fisher", follow these steps:
1. Customize Settings: Adjust the inputs to match your trading preferences. This includes setting the periods for the Fisher Transform and SuperTrend, as well as choosing colors for better visualization.
https://www.tradingview.com/x/HLIup7to/
2. Analyze the Market: Observe the Fisher Transform and SuperTrend plots to gauge market direction. Pay special attention to color changes, as they indicate shifts in market sentiment.
3. Identify Extremes: Use the overbought and oversold plots to understand potential reversal points.
4. Set Alerts: Utilize the alert functionality to stay informed about significant market movements, ensuring you never miss an opportunity.
๐ฅ In summary the "Super Fisher" is a comprehensive market analysis tool designed to enhance your trading insights and decision-making process. ๐๐๐จ
Skrip sumber terbuka
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Code: ALPH4
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda โ ketahui lebih lanjut di sini.
Code: ALPH4
๐จGet premium: algoalpha.io
๐Get FREE signals: discord.gg/xCmqTVRexz
โDo you have feedback or indicator ideas? Join our server to tell us about it!