Fisher Multi-Pack [DW]This is an experimental study designed to visualize price activity using John Ehlers Fisher Transform and Inverse Fisher Transform methods.
The Ehlers Fisher Transform is a variation of R. A. Fisher's Z transformation.
In this study, there are five oscillator types to choose from:
-Fisher Transform Indicator - A conversion of price's probability distribution to a Gaussian normal distribution with a smoother output
-Inverse Fisher Relative Strength Index - Converts the RSI's distribution to a bounded distribution between 1 and -1 with a smoother output
-Inverse Fisher Stochastic Oscillator - Converts the Stochastic's distribution to a bounded distribution between 1 and -1 with a smoother output
-Inverse Fisher Commodity Channel Index - Converts the CCI's distribution to a bounded distribution between 1 and -1 with a smoother output
-Inverse Fisher Blast Off Momentum - Converts the BOM's distribution to a bounded distribution between 1 and -1 with a smoother output
The study uses a modified set of Bollinger Bands applied to the chosen oscillator to determine trend and impulse activity, which are highlighted by the color scheme.
Custom bar colors are included.
