A Logistic Function is a Sigmoid Function who stabilize the variance of data.The logistic function have the same function as the inverse but with an advantage over it, the k constant can control the steepness of the curve, lowers k's will preserve the original form of the data while highers one will transform it into a more square shaped form.
Become a Patreon and get access to exclusive technical indicators!
You can also check out some of the indicators I made for luxalgo : https://www.tradingview.com/u/LuxAlgo/#published-scripts
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.