simwai

Adaptive Fisherized Trend Intensity Index

Introduction
Here, I modified the script "Trend Intensity Index" ( TII ) of @everyget.
TTI was developed by M.H. Pee, who also published other trend analysis indicators like the Trend Trigger/Continuation Factor
It helps to determine how strong the current trend is.
The stronger the trend, the higher the chance the price may continue moving in the current direction.

Features
Adaptive mode (based on Ehlers dominant cycle determination) => automatically determines the length
Inverse Fisher Transform => gives sharper signals
Customizable MA Types => discover the impact of different ma bases
Hann Window and NET smoothing => state-of-the-art smoothing
Trend Visualization => shows you the up/down/side trend

Usage
This indicator here offers a perfect trend filtering system. It is capable of up/down/side trend detection.
There are a lot of trend indicators which don't respect sidetrends, which makes this indicator pretty useful.

A lot of traders use trend-following trading systems.
A trader will usually make his/her entry in the market during a strong trend and ride it, until the TII provides an indication of a reversal.

For mean-revertive trading systems, you could use TII to just trade in side trend.
A lot of mean-revertive signal emitters like Bollinger Bands or RSI work most of the times better in side trend.

Furthermore, every timeframe could be used, but higher timeframes have more impact because trends are stronger there.

Signals
Green zone (Top) => Etablished bullish trend
"Peachy" Zone (Middle) => Sidetrend/flat market
Red Zone (Bottom) => Etablished bearish trend

Enjoy guys!
(Let me know your opinions!)


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Credits to:
@blackcat1402
@DasanC
@cheatcountry
@everget

Telegram: gimmemorecrypto
Skrip open-source

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