LazyBear

3 more indicators: Inverse Fisher on RSI/MFI and CyberCycle

Suggested by John Ehlers , IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators.

The 3 IFT based indicators in this chart are:
- Inverse Fisher on RSI (IFTRSI)
- Inverse Fisher on MFI (IFTMFI)
- Inverse Fisher on CyberCycle (IFTCC)

Suggested method to use any IFT indicator is to buy when the indicator crosses over –0.5 or crosses over +0.5 if it has not previously crossed over –0.5 and to sell short when the indicators crosses under +0.5 or crosses under –0.5 if it has not previously crossed under +0.5.

More info: http://www.mesasoftware.com/Papers/THE%2...

You can use these indicators by doing "Make it mine" (Click on "Share" to open the dialog box with this button).

Let me know what you think, would love to hear how these indicators are used and how effective these are for other instruments.
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//
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note. 
// 
study("Inverse Fisher Transform RSI [LazyBear]", shorttitle="IFTRSI_LB")
s=close
length=input(14, "RSI length")
lengthwma=input(9, title="Smoothing length")

calc_ifish(series, lengthwma) =>
    v1=0.1*(series-50)
    v2=wma(v1,lengthwma)
    ifish=(exp(2*v2)-1)/(exp(2*v2)+1)
    ifish

plot(calc_ifish(rsi(s, length), lengthwma), color=orange, linewidth=2)
hline(0.5, color=red)
hline(-0.5, color=green)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Commenti

Hi Sir
How to get Inverse Fisher on MFI (IFTMFI)
-Inverse Fisher on CyberCycle (IFTCC) ?
+19 Rispondi
Hey Lazy Bear I just joined and really like your dedication to this and the excellent work. I saw the IFTRSI however, I cannot find the other two ( CC and MFI) Thanks again
+11 Rispondi
I'm going to try more test on this one
+5 Rispondi
Related Indication

...code you worked on (slightly Modified)

study(title = "Ulcer Slow Stregth Index ", shorttitle="USSI")
length1=input(14)
length2=input(21)
cutoff1=input(3)
cutoff2=input(20)
src=close

calc_ui(src, length) =>
hcl=highest(src,length)
r=100.0*((src-hcl)/hcl)
sqrt(sum(pow(r,2), length)/length)

ui1=calc_ui(src, length1)
ui2=calc_ui(src, length2)
hline(cutoff1, color=red)
hline(cutoff2, color=maroon)
x=avg(ui1, ui2)
plot(x, linewidth=2, color=maroon)

study(title = "Ulcer Fast Stregth Index ", shorttitle="UFSI")
length1=input(4)
length2=input(9)
cutoff1=input(2)
cutoff2=input(10)
src=close

calc_ui(src, length) =>
hcl=highest(src,length)
r=100.0*((src-hcl)/hcl)
sqrt(sum(pow(r,2), length)/length)

ui1=calc_ui(src, length1)
ui2=calc_ui(src, length2)
hline(cutoff1, color=red)
hline(cutoff2, color=maroon)
x=avg(ui1, ui2)
plot(x, linewidth=2, color=black)



Problem with this example and Ulcer example I plugged in here, is that the indicator works really well at picking off the highest degree of capitulation for the downside, and not the parabolic moves to the upside.

What would be the best way to represent a parabolic upside move?

Inverse(ing)
Inverse(ing) in reference with RSI
+5 Rispondi
Nice work here. Excellent indications to tell me to stay in the trend when bearish/negative.
+5 Rispondi
QuantitativeExhaustion QuantitativeExhaustion
*and when to get out. Very obvious with inverse Fisher, breaking the negative -.5 reading.
+5 Rispondi
I checking all your post and want to say thanks for your work. Please continue
+3 Rispondi
LazyBear Goldeny
Thx.
+6 Rispondi
Currently working on a bot using tradewave. I make simulation with many indicators. I will tell you the result soon. IFTCC seems great.
+3 Rispondi
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