OPEN-SOURCE SCRIPT
Fisher Combo indicator
WhatsUp traders &&
I would like to share with you this script that I created long time ago. Basically, it is the combination of four indicators: VWAP bands, AO, RSI and Fisher transform. The indicator will rank each of the four indicator and only trigger a long or short signal when certain points are achieved.
I created this indicator because I felt that if certain indicators give the same signal then there is a higher win rate. You may want to modify a bit into strategy script and test it with your stock. Recommended 1 minute.
This is not a very good strategy, it can miss many opportunities. It may give wrong signal because it does not consider price action and volume movement or balabala reason.
Hope this script can inspire you and maybe you can create some awesome strategy that makes you $$$$$$
I would like to share with you this script that I created long time ago. Basically, it is the combination of four indicators: VWAP bands, AO, RSI and Fisher transform. The indicator will rank each of the four indicator and only trigger a long or short signal when certain points are achieved.
I created this indicator because I felt that if certain indicators give the same signal then there is a higher win rate. You may want to modify a bit into strategy script and test it with your stock. Recommended 1 minute.
This is not a very good strategy, it can miss many opportunities. It may give wrong signal because it does not consider price action and volume movement or balabala reason.
Hope this script can inspire you and maybe you can create some awesome strategy that makes you $$$$$$
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.