Forex Fisher 2 Moving Averages
The original script was posted on ProRealCode by user Nicolas.
This indicator is made of a recent highest and lowest (10 periods default) passed into a fisher transform filter. Then a simple moving average is set other this value to generate signals like a MACD. Another weighted moving average smooth the whole value to act like an overall trend.
Of course because of average smoothing, signals maybe too late. You can play with period of highest/lowest looback, as well of the 2 moving average.
This indicator is made of a recent highest and lowest (10 periods default) passed into a fisher transform filter. Then a simple moving average is set other this value to generate signals like a MACD. Another weighted moving average smooth the whole value to act like an overall trend.
Of course because of average smoothing, signals maybe too late. You can play with period of highest/lowest looback, as well of the 2 moving average.