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SVE Inverse Fisher RSI for Amibroker (AFL)
adesara
about 13 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 9)
Tags:
oscillator, amibroker

An excellent indicator for short term signals. Buy when RSI crosses above 50 and sell below 50. Simple…….. Be careful higher values are not overbought and lower values are not oversold.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("SVE Inv Fisher RSI");

 RSIPer = Param("RSI Period", 4, 2, 30 ); 
 EMAper = Param("EMA Period", 4, 1, 100 ); 

 mwiter = C; 
 RainbW = 0; 
 for( i = 0; i < 10; i++ ) { weight = Max( 5 - i, 1 ); mwiter = WMA( mwiter, 2 ); 
RainbW += weight * mwiter; } RainbW /= 20; x = 0.1 * ( RSIa( RainbW, RSIper ) - 50 ); 
EMA1 = EMA( x, EMAPer ); EMA2 = EMA( EMA1, EMAPer ); 
Difference = EMA1 - EMA2; Z1Ema = EMA1 + Difference; ex = exp( 2 * Z1EMA );
 y = ( ex - 1 )/( ex + 1 ); invfish = 50 * ( y + 1 ); 
Plot( invfish, "SVE Inverse Fisher RSI", colorBlue );

PlotOHLC( invfish,invfish,50,invfish, "", IIf(invfish > 50,  colorGreen,colorRed ), 
styleNoLabel | styleCloud | styleClipMinMax, 12, 88 );
_SECTION_END();

1 comments

1. duyanvu

good

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