Fisher Transform of Stochastics for Amibroker (AFL)
kaiji over 16 years ago Amibroker (AFL)
The is an improvement on the stochastic indicator by using the Fisher Transform. It has reduced lag and less wipsaws because the Fisher Transform makes the indicator snap into the overbought and oversold areas.
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Indicator / Formula
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_SECTION_BEGIN("Fisher Transform of Stochastics");
// Fisher transform of stochastics
//
//It is an improvement on the Stochastics. Identifying turning points better with less wipsaws.
//Good for swing trading.
function FisherSto(array, period, factor) {
MaxH = HHV(array, period);
MinL = LLV(array, period);
Range = MaxH - MinL;
sto = (array - MinL)/(MaxH - MinL);
Value1 = AMA(2*(sto - 0.5), factor);
Value1 = IIf(Value1 > 0.999, 0.999, IIf(Value1 < -0.999, -0.999, Value1));
Fish = AMA(log((1 + Value1)/(1 - Value1)), 0.5);
return fish;
}
// Parameters
period = Param("Period", 14, 3, 35, 1);
factor = 0.10;
price = AMA(Avg,0.5);
StoFR = FisherSto(price, period, factor); temp = Ref(StoFR,-1);
Plot(StoFR, "Stochastic", colorRed,styleThick); Plot(Ref(StoFR,-1),"previous", colorPink,styleDashed);
Buy=Cross(StoFR,temp);
Sell=Cross(temp,StoFR);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone) ,colorGreen,0,Graph0,-5); PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,Graph1,5);
_SECTION_END();4 comments
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Really good… thnx you provider
Good job. Thank you.
good formula,
I do not understand,
how do I use it because I put it in and I get error MetaEditor in mt4
Rohness . this is for Amibroker.. not MT..