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Limited Fisher Transform

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what is Limited Fisher Transform?
This indicator is a compressed version of the Fisher transform indicator between 100 and 0 values.

what it does?
It allows us to define overbought and oversold zones by compressing the values ​​of the "fisher transform" indicator between 0 and 100. also these zones are the same for every timeframe and trading pair, just like RSI.

how it does it?
it use this formula: https://www.tradingview.com/x/sTVRCUo3/
x = fisher transform values
a = average

how to use it?
its use is indistinguishable from the standard fisher. You can use it to set alarms for overbought and oversold zones. so you will be notified when a possible opportunity arises in the market.

https://www.tradingview.com/x/BdeHRx9k/
Nota Keluaran
barcolor and bgcolor options added.
Nota Keluaran
no longer gives consecutive buy and sell signals, limited to once at "length" bars only.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.