Combo Strategy 123 Reversal & Fisher Transform Indicator

This is combo strategies for get a cumulative signal.

First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.

Second strategy
Market prices do not have a Gaussian probability density function
as many traders think. Their probability curve is not bell-shaped.
But trader can create a nearly Gaussian PDF for prices by normalizing
them or creating a normalized indicator such as the relative strength
index and applying the Fisher transform . Such a transformed output
creates the peak swings as relatively rare events.
Fisher transform formula is: y = 0.5 * ln ((1+x)/(1-x))
The sharp turning points of these peak swings clearly and unambiguously
identify price reversals in a timely manner.

- For purpose educate only
- This script to change bars colors.
Hilangkan dari Skrip-Skrip Favorit Tambahkan ke Skrip-Skrip Favorit


Thank you. I tried to apply this. In certain cases, Like close(2) < Close(1)>close , both buy and sell signals are appearing. What am I missing to understand here. Thank you for the great job.
Superb Script can you add buy & sell signals with it ?
HPotter kevin700
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