Fisher Transform Multi-Timeframe

mortdiggiddy Updated   
Plots the multi-timeframe version of the fisher transform. When the desired interval is less than the chart interval, the intermediate values of the transform will be displayed.
Release Notes:
Fixed error in final smoothed fisher transform.

  • Added bar coloring for convenience.
  • Added zero line.

See calculation here:
See use cases here:
Release Notes:
Matched default values to Trading View built in Fisher Transform indicator. You should see identical values.
Release Notes:
  • Added some basic trending functions to show the trend and prevent whipsaws. The trend can only change at the last candle of the fisher transform desired interval.
Release Notes:
  • Added alert conditions for trend changes.
Release Notes:
  • Fixed bugs.

Release Notes:
  • Added shading fill to Fisher:Fisher lines .
  • Added SRC price options: Close, HL3, OHLC4
Release Notes:
  • Fixed bug.
Release Notes:
  • Added 4 color themes for convenience
  • Added 2 thresholds that determine both the candlestick color and the fisher trend color

Open-source script

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.


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