This is a variation of Wilder's RSI that was altered by Michael Harris. CALCULATION The average change of each of the length's source value is compared to the more recent source value. The average difference of both positive or negative changes is found. The range of 100 is divided by the divided result of the average incremented and decremented ratio...
Indicator «Michael» Class : trend indicator Trading type : intraday trading / mid-term trading Time frame : 15 min -1 day Purpose : trend trading, reversal points identification, Level of aggressiveness : standard Indicator “ Michael ” indicator is designed to identify a local trend and generate signals for trading in the direction of the current...
Direct port of the original Fisher Transform to TradingView: media.johnwiley.com.au www.mesasoftware.com This might be better suited to be combined with other indicator to be effective, such as the Fisher Transform of RSI. I hope you have found this useful :) Happy trading. Thanks to @MikeLloyd for referring me to this, and here's my port for you.