I modified the script "Fisher Stochastic Center of Gravity" of DasanC for this indicator. I added inverse Fisher transform, cycle period adaptiveness mode (Ehlers) and smoothing to it. Moreover, I added buy and sell and beautified some stuff. Lastly, it is also non-repainting!
Usage
This indicator can be used like a normal stochastic, but I don't recommend divergence analysis on it. That fisherization stuff seems to make the graphs unuseable for that because it tries.
It works well on every timeframe I would say, but lower timeframes are recommended, because of the fast nature of stochastic. Usually it does a good job on entry confirmation for reversals and trend continuation trades.
Recommended indicator to combine with this indicator is RSI cyclic smoothed v2. This is the best RSI version I know. In trending market it is recommended to look more on the inner bands and in flat market it is recommended to look more on the outer bands.
When RSI shows oversold and this indicator shows a crossover of the Center of Gravity plot through the bottom line -> Long entry is confirmed When RSI shows overbought and this indicator shows a crossunder of the Center of Gravity plot through the top line -> Short entry is confirmed
Settings
The adaptive mode is enabled by default to give you straight the whole indicator experience. The default settings are optimized, but should be changed depending on the market.
An example: Market has a low volatility and a high momentum -> I want a slower/higher length to catch the slower new highs and lows. Market has higher volatility and a low momentum, -> I want a faster/lower length to catch the faster new highs and lows
I use this indicator a lot, because I don't know a better stochastic on this community here. DasanC did an awesome work with his version I used as base for this script. Enjoy this indicator and let the profit roll! 🔥
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Added alerts
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Updated buy and sell lebel position
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Added inverse Fisher transformation (thought I already added it sry haha) Fixed adaptive mode bug Changed default values Added normal stoch option Added plots for adaptive lengths
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Added new signal mode Separated CG and stoch plot Added "Enable Plot" input options Restructured inputs Removed ehlers lib and added the calculation functions manually Added Kalman filter
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Removed manual normalization and plot options from the inputs. Updated the signal logic Added min val for NET smoothing Optimized plots
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Moved fisherization to first input group Added "Homodyne Discriminator" as adaptive mode Added timeframe selection Changed stoch plot color from yellow to purple Fixed signal mode bug
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Renamed "Cycle Period" to "Median" (adaptive mode) Fixed wrong length plot name
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.