List of my indicators at Appstore: http://blog.tradingview.com/?p=970
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.
// // @author LazyBear // If you use this code in its orignal/modified form, do drop me a note. // study("Inverse Fisher Transform CCI [LazyBear]", shorttitle="IFTCCI_LB") length = input(title="CCI Length", type=integer, defval=20) src = close cc=cci(src, length) // Calculate IFT on CCI lengthwma=input(9, title="Smoothing length") calc_ifish(series, lengthwma) => v1=0.1*(series-50) v2=wma(v1,lengthwma) ifish=(exp(2*v2)-1)/(exp(2*v2)+1) ifish plot(calc_ifish(cc, lengthwma), color=teal, linewidth=1) hline(0.5, color=red) hline(-0.5, color=green) hline(0)