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Inverse Fisher Transform for Amibroker (AFL)
kaiji
about 14 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 3)
Tags:
trading system, amibroker

The inverse fisher transform is similar to the RSI indicator except the indicator snaps to the overbought and oversold areas far quicker then the RSI indicator. So in situations where the Inverse Fisher Transform would be in the oversold region the RSI indicator may not as a result these to indicators are very different and work in different market conditions.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
// General - purpose Inverse Fisher Transform function
function InvFisherTfm( array )
{
	e2y = exp( 2 * array );
	return ( e2y - 1 )/( e2y + 1 );
}

p1=20; p2=3; p3=7;
p1=Optimize("p1",p1,3,20,1);
p2=Optimize("p2",p2,3,20,1);
p3=Optimize("p3",p3,2,20,1);

Value1 = 0.1 * ( RSI( p1 ) - 50 );
Value2 = WMA( Value1, p2 );
ift=InvFisherTfm( Value2 );
wift= MA(ift,p3);

function CyberCycle( array, alpha )
{
	smooth = ( array + 2 * Ref( array, -1 ) + 2 * Ref( array, -2 ) + Ref( array, -3 ) ) / 6;
	// init value
	Cycle = ( array[ 2 ] - 2 * array[ 1 ] + array[ 0 ] )/4;
	for( i = 6; i < BarCount; i++ )
	{
		Cycle[ i ] = ( ( 1 - 0.5 * alpha) ^ 2 ) *
		( smooth[ i ] - 2 * smooth[ i - 1 ] + smooth[ i - 2] ) +
		2 * ( 1 - alpha ) * Cycle[ i - 1 ] -
		( ( 1 - alpha) ^ 2 ) * Cycle[ i - 2 ];
	}
	return Cycle;
}

Cycle = CyberCycle( (H+L)/2, 0.07 );
ICycle = InvFisherTfm( Cycle );
Plot(C,"Close",colorDarkBlue,styleCandle);
//Plot( Cycle, "CyberCycle", colorBlue,styleOwnScale );
//Plot( ICycle, "ICyberCycle", colorGreen, styleThick|styleOwnScale );
PlotGrid( 0.5 );

Plot( ift, "IFT-RSI", IIf(ift>wift,colorGreen,colorRed), styleThick |styleLeftAxisScale );
Plot( Wift, "MA IFT", colorPaleBlue,styleLeftAxisScale );
PlotGrid( 0.5 );
PlotGrid(-0.5 );
SetBarsRequired( 200, 0 );

Buy=Cover=Cross(ift,wift);
Sell=Short= Cross(wift,ift);

PlotShapes(shapeDownArrow*Sell,colorRed)  ; 
PlotShapes(shapeUpArrow*Buy,colorGreen);   

2 comments

1. abdalelah

good

2. abdalelah
i like it

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