Utilizing the Fisher Transform by Ehlers with different lengths based on multipliers will allow you to notice movements in price and understand whether the shift was a correctional wave, or part of the overall trend.
Fisher has plenty of functionalities. Ribbons provides you with a view of consistency in price action. If all ribbons flip, generally this is a strong signal that the trend is changing. Fisher is extremely punctual (minimum input lag) and robust (doesn't miss movement). Look for everything, including divergences, trends, and Oversold, Overbought points.
Changing length will further provide you more sensitivity in overselling and buying, while numbing chop.
ALSO IF YOU STUMBLE UPON THIS INDICATOR THROUGH A PAID GROUP, YOU'RE DOING IT WRONG. DON'T WASTE YOU TIME TO BE LEAD BY THE BLIND, AND PAY FOR VISION. Join a group that values teaching you to see. If they make more money from teaching than trading, are they good at trading?
futuremihai
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@1996anoojpatel, Real talk dawg
cryptocollin
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Well done!
Geemaster
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Thank you for this. Could someone please update it to version 5 and add horizontal levels ?