FW_FisherTransformer

Description

The FW_FisherTransformer study helps time changes in a trend by transforming price and stochastics using a statistical method called Fisher Transform. The original Fisher Transform and the three transformed stochastics work together to provide both early warning and later confirmation of a trend change. This works for all time periods and tick charts.

Input Parameters

Parameter Description
fisher len The number of bars used in calculation of Fisher Transform.
obos Defines the position of overbought and oversold lines, in percent.
hide soap Defines whether or not to hide vertical lines for SOAP signals.

Plots

Plot Description
FT The Fisher Transform plot.
FS5x3 The Fisher Transform of the Stochastic with K period of 5 and slowing period of 3.
FS8x5 The Fisher Transform of the Stochastic with K period of 8 and slowing period of 5.
FS17x5 The Fisher Transform of the Stochastic with K period of 17 and slowing period of 5.
Obl The overbought level.
Osl The oversold level.
ZeroLine The zero level.
FTu The arrows marking reversals of FT from falling to rising.
FS5x3u The arrows marking reversals of FT5x3 from falling to rising.
FS8x5u The arrows marking reversals of FT8x5 from falling to rising.
FS17x5u The arrows marking reversals of FT17x5 from falling to rising.
FTd The arrows marking reversals of FT from rising to falling.
FS5x3d The arrows marking reversals of FT5x3 from rising to falling.
FS8x5d The arrows marking reversals of FT8x5 from rising to falling.
FS17x5d The arrows marking reversals of FT17x5 from rising to falling.

See also

thinkorswim® users have the opportunity to watch a seminar explaining principles of this indicator, narrated by David Elliott.

This seminar can be found at Support/Chat -> Seminars; "He's back! David Elliott showcases his new studies" released on March 4, 2010.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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