OPEN-SOURCE SCRIPT
Goertzel Cycle Period Adaptive Fisher Transform [Loxx]
Goertzel Cycle Period Adaptive Fisher Transform [Loxx] is an adaptive Fisher Transform using the Goertzel Cycle Algorithm to derive length inputs.
What is Goertzel Cycle Algorithm?
Read here: https://www.tradingview.com/script/7a2NbfBL-Goertzel-Cycle-Period-Loxx/
What is Fisher Transform?
The Fisher Transform is 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.
Included:
***Please note, the Goertzel Cycle Algorithm is processor heavy, so this indicator will take some time to load.
What is Goertzel Cycle Algorithm?
Read here: https://www.tradingview.com/script/7a2NbfBL-Goertzel-Cycle-Period-Loxx/
What is Fisher Transform?
The Fisher Transform is 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.
Included:
- Zero-line and signal cross options for bar coloring
- Customizable overbought/oversold thresh-holds
- Alerts
- Signals
***Please note, the Goertzel Cycle Algorithm is processor heavy, so this indicator will take some time to load.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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