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Indicators: Fisher_mbk

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Automated-Trading
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Automated-Trading  

Fisher_mbk:

Normalized oscillator that uses Fisher's transformation, drawn in the form of a color histogram.

Figure 1. Indicator Fisher_mbk

Author: Nikolay Kositsin

Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video March 2014

newdigital, 2014.03.03 16:19

Boosting RSI with the Modified Inverse Fisher Transform (MIFT) - Part 1

Upside price action can be in sharp contrast to what is experienced to the downside. "The market goes down like an elevator but up like an escalator," as prices tend to fall faster than they rise. At the same time, technical indicators, such as the well-known Relative Strength Index (RSI), treat rising prices the same as falling prices. Adjusting the indicator distribution with the Modified Inverse Fisher Transform (MIFT) helps to account for those differences and provides new trading applications. This paper will introduce the TSLabs: Modified Inverse Fisher Transform custom indicator with practical examples to explore and apply in trading.

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The article : Applying The Fisher Transform and Inverse Fisher Transform to Markets Analysis in MetaTrader 5

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