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IFT Combo and EMA with zones

アップデート済
Inverse Fisher Transform (IFT) Combo with EMA, RVI, VWAP, Zones and 3/1 and 1/3 candle combo identification

Concept Introduction
The Inverse Fisher Transform ( IFT ) was authored by John Ehlers . The IFT applies some math functions and constants to a weighted moving average ( wma ) of the relative strength index ( rsi ) of the closing price to calculate its oscillator position.


Useage:
With the combination of these technical indicators to create an average, a better derived plot can be achieved giving better accuracy of the trend.
The Average and EMA plots are displayed by default.
The changing trend can be witnessed when both lines change colors and both leave the top or bottom zones.

This tool works great in conjunction with a Bollinger bands and Keltner channel indicator which will show ranged price movement due to the Keltner channel squeeze on the Bollinger bands.


Tools included:

IFT - Inverse Fisher Transform
This indicator combines the RSI , CCI , MFI , Stoch and EMA to create an average and base a plot.
Each of the following can be displayed separately to display as a separate plot line: RSI , CCI , MFI , Stoch , the average of these and an EMA .
Individual settings allow each plot to have the length independently controlled.

RVI - Relative Vigor Index
This indicator also include the RVI - Relative Vigor Index for seeing the momentum change easily.
The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average ( SMA ).
This section allows the display of RVI and a Signal line to see the RVI crossing the signal which points to a momentum change.
Additionally these 2 plots can be combined into a single averaged plot for a more simplified view.

VWAP - Volume Weighted Average
The VWAP plot is available to witness growing or shrinking volume weighted price which can make reading the increase in volume more simplified and available within this single indicator.

Engulfing Candle Patterns Identification
This indicator also includes an Engulfing Candle Patterns Identification to monitor for these candle combinations that can be an early indication of a change in trend.


Uniqueness of this indicator:

This indicator includes a suite of tools to help identify an instruments trend, momentum, volume weighted price change, and potential reversal situations.
While all of these tools are popular and useful, having them included in a single tool can simplify your setup and keep your screen tidy while also bringing a complete system together.
リリースノート
Includes better grouping of settings
Add LRSI still disabled by default until scale can be worked out.
リリースノート
Combined oscillator with Buy / Sell and divergence
リリースノート
Update to default settings to produce a solid reversal visual.
Commodity Channel Index (CCI)Exponential Moving Average (EMA)MFIOscillatorsRVI

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