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Fisher Transform
Summary: The Fisher Transform - An attempt to normalize a non-normal distribution.
Fisher Transform on the Charts
A technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a trend.
This technical indicator is commonly used by traders looking for leading signals, rather than lagging indicators.
The length of the fisher transform calculation can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Initialization under ’Fisher Transform’ Product Definition.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| Fisher Transform | Fisher | fisher, trigger |
Example:
The Fisher transform could be used to generate a buy signal when the Fisher line crosses the trigger line after an extreme low.
chart.at04hs.Fisher.fisher > chart.at04hs.Fisher.trigger && chart.at04hs.Fisher.fisher < -2 To increase confirmation confidence, this indicator can be paired with other indicators such as Parabolic SAR or Bollinger Bands.
Maintainer:
Pluvtech Data Mine — TOC
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