Contains RSI; EMA of RSI; EMA of EMA of RSI; Stochastic Oscillator; 2 Inverse Fisher Transforms on RSI - IFRSI89 and IFRSI233 XOVER on higher timeframes from oversold/overbought is useful signal; RSI Trend/Divergence Candles with color variation based on multiple RSI length detection of trend decay; Chart candle overlay coloring based on RSI, eRSI, and eeRSI EMA55 & EMA233 Xover indicator on bottom for trend direction with color variations for counter trend movements.
How do I use this complex creation. Please explain.
telepatico
⋅
Hi; when it comes to line 58 and 64, what the series stand for? Thanks.
nvrstpexploring
⋅
That is an Inverse Fisher Transform of RSI as described by John Ehlers mesasoftware.com/papers/TheInverseFisherTransform.pdf It is using the input of the RSI function (By default 9 length) as an input of the Inverse Fisher Transform.