[Klemenxina] Fisher
Revisited one of my first fisher scripts, after a friend showed me a different way to look a fisher.
Indicator uses smoothing to eliminate lag and then puts the values into fisher transform to normalize prices, thus making turning points in price clearer.
Triangles/overbougth/oversold areas signal a good chance of price changing direction.
Meaning green triangle = bull and purple triangle = bear.
Script also includes regular divs with filtering above/below midline for trend reversals.
If you have any improvement ideas MSG me.
Indicator uses smoothing to eliminate lag and then puts the values into fisher transform to normalize prices, thus making turning points in price clearer.
Triangles/overbougth/oversold areas signal a good chance of price changing direction.
Meaning green triangle = bull and purple triangle = bear.
Script also includes regular divs with filtering above/below midline for trend reversals.
If you have any improvement ideas MSG me.