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Views:: 4272
Rating:: (10)
Published:: 2018.07.09 11:07
Updated:: 2018.09.17 10:59

FTNP.mq5 (9.28 KB) view

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An oscillator using Fischer Transform of normalized prices.

Normalizing price flows by Fischer Transform allows you to detect the peak oscillations of the indicator line, which indicate the trend resersal points.

The indicator has two input parameters:

Period - calculation period
Applied price - calculation price

Calculation:

Fisher = 0.5*(Log((1+V) / (1-V)) + PrevFisher)
Trigger = PrevFisher

where:

V = (2/3) * ((Price - MinPrice) / (MaxPrice - MinPrice) - 0.5 + PrevV)
MinPrice, MaxPrice - the minimum and the maximum prices within the Period range Period
Log - natural logarithm

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20997

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FTNP - indicator for MetaTrader 5