Solarwind No Repaint

The Solarwind No Repaint is a technical oscillator that applies the Fisher Transform to normalized price data, creating a histogram-based indicator that identifies potential market turning points. This indicator converts price movements into a Gaussian normal distribution, making cyclical patterns and momentum shifts more visible to traders.

How It Works The indicator processes price data through several computational steps:

  1. High-Low Analysis: Calculates the highest high and lowest low over the specified period
  2. Price Normalization: Takes the midpoint of each bar's high-low range and normalizes it against the period's range, scaling values between -1 and +1
  3. Fisher Transform Application: Applies the mathematical Fisher Transform formula 0.5 * ln((1+x)/(1-x)) with smoothing
  4. Trend Signal Processing: Generates directional signals based on value changes and momentum thresholds

Key Features

  • Histogram Display: Renders as colored bars in a separate indicator window
  • Trend-Based Coloring: Green bars for bullish momentum, red bars for bearish momentum
  • No-Repaint Design: Uses completed bars only to prevent signal changes on current bar
  • Adaptive Sensitivity: Configurable threshold system to filter market noise
  • Signal Persistence: Maintains trend direction until significant momentum shift occurs

Parameters

  • Period: Lookback period for high-low calculations (default: 10)
  • Signal Sensitivity: Change threshold required for new signals (default: 0.05)
  • Use Completed Bars: Prevents repainting by using only finished bars (default: true)
  • Use Alert: Enables notification system for signal changes (default: false)
  • Histogram Width: Visual thickness of histogram bars (default: 2)

Trading Applications

  • Momentum Assessment: Identifies strength and direction of price momentum
  • Reversal Detection: Extreme readings often precede trend changes
  • Trend Confirmation: Validates price action with momentum analysis
  • Cycle Analysis: Effective for identifying cyclical market behavior
  • Entry Timing: Provides specific bar-by-bar directional bias

Interpretation

  • Green Bars: Bullish momentum phase - favor long positions
  • Red Bars: Bearish momentum phase - favor short positions
  • Neutral Bars (faded colors): Weak momentum - trend uncertainty
  • Zero Line: Reference point for momentum direction changes
  • Extreme Values: Readings beyond ±2 may signal potential reversals (based on params)

The Solarwind No Repaint performs optimally in markets with clear cyclical behavior and works effectively as a momentum filter when combined with price action analysis or other technical indicators for trade confirmation.

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IGOR KIRIANEN
The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more
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