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OrangeBird

InverseFisherTransform

OrangeBird  
Relative Strength Index (RSI) Fisher Transform inverse inversefishertransform smoothed
966
7
relativestrengthindex fishertransform inverse inversefishertransform smoothed
An inverse fisher transformation of a modified RSI plotted against a smoothed version of itself.
The general trading rules of this indicator are as follows:

1. if the histogram is > 0 and above the line and is green; buy
if the histogram is > 0 and is below the line (green or gray); sell buy position

2. if the histogram is < 0 and below the line and is red; sell
if the histogram is <0 and above the line (red or gray); buy-back sell position
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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