*** Full description in the comment below ******
This chart has 3 indicators:
- Chande's R2
- Zscore
- Inverse Fisher Transform on CCI
Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.
This chart has 3 indicators:
- Chande's R2
- Zscore
- Inverse Fisher Transform on CCI
Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
//
// @author LazyBear
// If you use this code in its orignal/modified form, do drop me a note.
//
study("Inverse Fisher Transform CCI [LazyBear]", shorttitle="IFTCCI_LB")
length = input(title="CCI Length", type=integer, defval=20)
src = close
cc=cci(src, length)
// Calculate IFT on CCI
lengthwma=input(9, title="Smoothing length")
calc_ifish(series, lengthwma) =>
v1=0.1*(series-50)
v2=wma(v1,lengthwma)
ifish=(exp(2*v2)-1)/(exp(2*v2)+1)
ifish
plot(calc_ifish(cc, lengthwma), color=teal, linewidth=1)
hline(0.5, color=red)
hline(-0.5, color=green)
hline(0)