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%20INVERSE%20FISHER%20TRANSFORM.pdf

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.
Remove from Favorite Scripts Add to Favorite Scripts
//
// @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)
Nice job! I like a lot of the stuff you have done and have learned a lot just from your coding examples. Thank You! I trade options on a small fraction of ETFs ETNs and stocks (the ones with 80k-90k or more daily option volume for liquidity). Closest I get to forex is either FXE or FXI Euro and Yuan ETFs. I modified this keeping your byline in comments to short long 9 30 and overlay false. Have been using with another panel straight Fisher transform RSI 10 and ema5 ema8 sma13, 50 & 200 overlaid. I calculate squeeze with undisplayed BB and KC & color the sma13 black squeeze OFF and lime ON so it is obvious without messing up the chart any more.
I play around with indicators a lot but actually pay more attention to structure of my options trades than detailed price movement but it does help my confidence. Thanks again and keep smiling!
Reply
Hey Lazy Bear thanks for the code. Really helpful. I came across a MQL code on fisher transform with floating levels (https://www.mql5.com/en/code/16963) and seems interesting. Do you think this makes the trend more clear?
Reply
WTF make it mine isn't an option anymore. FFS.

Any chance you're still around LB?
Reply
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
+5 Reply
snapshot


Also having problems changing the Length
+2 Reply
QuantitativeExhaustion QuantitativeExhaustion
Alpha does change chart reading, however length is not adjusting
+2 Reply
QuantitativeExhaustion QuantitativeExhaustion
Sorry, forgot to mention it's CCI Inverse that's having the problem with changing length reading. Everything else works great.
snapshot

Changed Length with Inverse RSI/Fisher + smoothing. Changed alpha for CCI inverse which worked, and length did not change with the chart.
+3 Reply
LazyBear PRO QuantitativeExhaustion
Yes..."length" is not used in IFTCC. Only configurable param is "alpha".
+2 Reply
new one for you LazyBear Beta with a benchmark (vs Exchange of the underlying) and Index
+2 Reply
Very nice> Use this for shorting puts
+2 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out