Hello
Nice Indicator but there is something wrong in it.
it says Nope when the color is either red or blue or
either it says UPTrend or DNTrend when the color is yellow.
Hello
Nice Indicator but there is something wrong in it.
it says Nope when the color is either red or blue or
either it says UPTrend or DNTrend when the color is yellow.
It says that
if(Fisher[1]<Fisher[0] && Fisher[0]>0.0) { OP="UP Trend"; } else { if(Fisher[1]>Fisher[0] && Fisher[0]<0.0) { OP="DN Trend"; } else OP="NOPE"; }
for example Up Trend-> when iFisher goes above 0.0, this show UP Trend and must focus onthat trend only...but in some cases, price make some adjustment that will bring to down trend somehow and iFisher indicator show nope to trade...
This mean, we will trade Buy only when iFisher show its line above 0.0 AND their direction also show UP(blue color)...
And the SELL is vice versa.
What is the premise of this indicator? What is it measuring?
MathLog((1.0+Value[shift])/(1.0-Value[shift]))/2.0 + Fisher[shift+1]/2.0;
This is a Sigmoid Function...it calculate base on Log
Hi..... What's up... Can i ask something for how to get your signal.. I want to make it as expert advisor?? How to get the signals to open order and get iFisher's value in expert Code
if(Fisher[1]<Fisher[0] && Fisher[0]>0.0) { OP="UP Trend"; } else { if(Fisher[1]>Fisher[0] && Fisher[0]<0.0) { OP="DN Trend"; } else OP="NOPE"; }
this is the heart of output signal from this indicator ... you can transform this kind of indicator into a function and let the function decide to give buy / sell signal to your EA...

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iFisher:
New fisher to catch trend with indication UP and DN
Author: Syahirul Nizzam Bin Haron