Fisher Transform Multi-Timeframe

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Plots the multi-timeframe version of the fisher transform . When the desired interval is less than the chart interval, the intermediate values of the transform will be displayed.
Note di rilascio: Fixed error in final smoothed fisher transform.

  • Added bar coloring for convenience.
  • Added zero line.

See calculation here:
See use cases here:
Note di rilascio: Matched default values to Trading View built in Fisher Transform indicator. You should see identical values.
Note di rilascio:
  • Added some basic trending functions to show the trend and prevent whipsaws. The trend can only change at the last candle of the fisher transform desired interval.
Note di rilascio:
  • Added alert conditions for trend changes.
Note di rilascio:
  • Fixed bugs.

Note di rilascio:
  • Added shading fill to Fisher:Fisher lines .
  • Added SRC price options: Close, HL3, OHLC4
Note di rilascio:
  • Fixed bug.
Note di rilascio:
  • Added 4 color themes for convenience
  • Added 2 thresholds that determine both the candlestick color and the fisher trend color
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Another day another dollar.

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What do you mean by multi time frame? Just that it works on many different TF?
mortdiggiddy bobbertoswald
@bobbertoswald, If the indicator is set to a higher time frame than the chart (i.e. the chart is 5 min and the fisher transform is set to 60 min), the incremental values for each 5 minute bar are shown. The values which match at the end of the last 5 minute candle in each 60 minute session, i.e. 0:55, 1:55, 2:55, 3:55, etc.

This indicator allows you to view the fisher transform on a lower chart interval when the fisher transform is set to a higher interval, so the ability to view a higher time frame indicator on a lower chart interval.
Hi, congrats for your scripts!
In your examples from the chart, what do you mean by up/down and strong? It is related to 0 line or with brighter color?
@Zekis, I mean that if you were trying to derive a strategy, you could look at a higher time frame fisher transform to see "the trend". The example in the main window is dealing with a 5 minute fisher and a 60 minute fisher. The chart time frame is 60 minutes.
Nice job on this friend, really well done.
Fantastic work buddy!! Any chance you could provide a strategy to this with backtest entry/exits? That would be brilliant!
nilux mortdiggiddy
@mortdiggiddy, Oh I think you misunderstood me hehe. I was trying to modify your code, turn study() into strategy() and to add a backtest functionality. like this example here:

But I can't get the entry and exit conditions right
@nilux, I provide the tools, not the strategies. There is no incentive for me to share any strategies for free.
+1 Rispondi
nilux mortdiggiddy
@mortdiggiddy, I understand :) Thank you for your work with this amazing work anyway! Appreciate it!!
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