cheatcountry

Ehlers Fisher Transform Indicator [CC]

The Fisher Transform Indicator was created by John Ehlers and the beauty of this indicator is that it provides sharp and clear turning points that are also very early. Buy when the indicator line is green and sell when it is red.

This was a special request so let me know if you would like me to publish other scripts or if you want something custom done!
Release Notes: fixed issue with default resolution
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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Comments

I compared this FT with others, it seems have more lag. I think the function avoid repaint is the cause.
+3 Reply
cheatcountry blackcat1402
@blackcat1402, Yes that is the point of avoiding repainting where it will always be a bar behind. This is because repainting during an open bar will give misleading signals so people turn repainting off but if you are not using an open bar then you would want to turn on repainting
+1 Reply
wow thanks you
+1 Reply
cheatcountry skmahto11
@skmahto11, your welcome
+1 Reply
Is this similar to Fisher RSI from Page 101 of the Cybernetic Analysis book?
+1 Reply
cheatcountry dhman2012
@dhman2012, similar but definitely not the same
+1 Reply
dhman2012 cheatcountry
@cheatcountry, Gotcha. Are you planning on working on that in the future? He seems to be very high on that in the book. BTW, this seems to provide really good signal at 34 length on Daily TF. Really good work with this. Thank you for putting this together.
+1 Reply
cheatcountry dhman2012
@dhman2012, I'm sorry it took awhile to respond but I will be publishing that one in the next few weeks
Reply
dhman2012 cheatcountry
@cheatcountry, No worries! Thank you for helping out the community
Reply
cheatcountry dhman2012
@dhman2012, thanks
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