Heikin Ashi Enhanced Fisher Transform by quantsnaz

Oct 29, 2024

The Heikin Ashi Enhanced Fisher Transform indicator cleverly combines Heikin Ashi candles with Fisher Transform calculations to provide precise entry and exit points. The indicator offers two primary methods of use:

Mean-reverting, Entry/Exit Signals:
Entry signal is triggered when the Fisher line crosses above the trigger line while in an oversold state, marked by a change to lime color.
Exit signal occurs when the Fisher line crosses below the trigger line while in an overbought state, represented by a switch to purple color.

Trend-Following Interpretation:
Additionally, when the Fisher line crosses above or below the midline, it typically indicates a strengthening or weakening of trend.

Nov 4, 2024

Release Notes

The Multiple Timeframe Heikin Ashi Enhanced RSI indicator combines Heikin Ashi candle patterns and a combined timeframe data approach to the Relative Strength Index (RSI), providing clear entry/exit signals, capturing strong trends with enhanced accuracy.

Entry Conditions:
Condition #1: RSI crosses above the midline, signaling potential upward momentum.
Condition #2: RSI crosses above its moving average, indicating a strengthening trend.

Exit Conditions:
Condition #1: RSI crosses below the midline, suggesting a shift toward downward momentum.
Condition #2: RSI crosses below its moving average, signaling a weakening trend.
Oct 27