Fisher Transform [Loxx]

The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset.

What's different between this and regular Fisher Transform?
This version of Fisher Transform morphs the original Fisher Transform concept into a high-powered trading tool that works for all asset classes and all timeframes. There are 1000s of potential combinations of signal output between source selection and filtering preferences. Additional sources, volatility types, and moving averages will be added over time in future releases.

Sources
Loxx's Expanded Source Types enabling ~100 variations of source input including all Heikin Ashi and Better Heikin Ashi types. See here for more information here:

Signals
Initial Long "L": Zero-line or trigger/signal cross-up
Initial Short "L": Zero-line cross-down or trigger/signal cross-down
Continuation Long "CL": When price is in uptrend, cross-up trigger over signal
Continuation Short "CS": When price is in downtrend, cross-down trigger under signal
Post Baseline Cross Long "BL": When trigger and signal cross-up over zero-line but Baseline is still in downtrend, then if Baseline finally turns to uptrend within XX bars, then long
Post Baseline Cross Short "BS": When trigger and signal cross-down under zero-line but Baseline is still in uptrend, then if Baseline finally turns to downtrend within XX bars, then short
Long Exit "LX": When trigger is over XX boundary and trigger crosses down signal
Short Exit "SX": When trigger is under XX boundary and trigger crosses up signal

Filters
Baseline filter
41 Different moving averages to choose from including moving averages including Loxx's Moving Averages. See here for more information on included moving averages:

If the Baseline filter is turned on, the Post Baseline Cross signals are activated. For all Baseline types, the trigger is close, the signal is the moving average. If the trigger is above the signal, price is in an uptrend, if trigger is below the signal, price is in a downtrend. When this selected, the trend of the baseline must match the trend of the Fisher Transform for the signal to be valid.

Volatility filter
Volatility: If price crosses the baseline, we check to see how far it has moved in terms of multiples of volatility denoted in price ( volatility in price x multiple). If price has moved by at least "Qualifier multiplier" and less than "Range Multiplier", then, assuming other factors align in one direction, then a signal is printed

Volatility Types
v1.0 Included Volatility
Average True Range (ATR)
True Range Double (TRD)

Alerts
Includes alerts for all signal types listed above

UI Options
5 color schemes
5 trend coloring schemes
Ability to turn signals on/off

Fisher Transform Backtest

Release Notes:

Fixed UI error.

Release Notes:

Simplified inputs, updated colors.

Release Notes:

Added Baseline Recross Continuation Signals

BL Recross Continuation Long ( RL ): Fisher above zeroline. Baseline crossed down into downtrend, then baseline crosses back up to uptrend while Fisher is still above zeroline then this signal is triggered
BL Recross Continuation Short ( RS ): Fisher below zeroline. Baseline crossed up into uptrend, then baseline crosses back down to downtrend while Fisher is still below zeroline then this signal is triggered

Release Notes:

Added alerts to BL recross longs