Description
The Swami Intraday Fisher study is a technical indicator designed for Thermo Mode on short timeframes of 5-15 min. Like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.
In default color scheme, green areas indicate uptrend and red areas indicate downtrend. The main component of Swami Intraday Fisher algorithm is Fisher transform which is a mathematical function that applies non-linear gain to extreme values; this function is applied to peak swings of price movements. Thus, Swami Intraday Fisher amplifies only larger price swings which makes it most suitable for intraday traders.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used in calculations. |
Plots
| Plot | Description |
|---|---|
Fish
|
The Swami Intraday Fisher plot used in Thermo Mode. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.