The Fisher Transform Indicator was created by John Ehlers and the beauty of this indicator is that it provides sharp and clear turning points that are also very early. Buy when the indicator line is green and sell when it is red.
This was a special request so let me know if you would like me to publish other scripts or if you want something custom done!
I compared this FT with others, it seems have more lag. I think the function avoid repaint is the cause.
cheatcountry
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@blackcat1402, Yes that is the point of avoiding repainting where it will always be a bar behind. This is because repainting during an open bar will give misleading signals so people turn repainting off but if you are not using an open bar then you would want to turn on repainting
@cheatcountry, Gotcha. Are you planning on working on that in the future? He seems to be very high on that in the book. BTW, this seems to provide really good signal at 34 length on Daily TF. Really good work with this. Thank you for putting this together.
cheatcountry
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@dhman2012, I'm sorry it took awhile to respond but I will be publishing that one in the next few weeks
dhman2012
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@cheatcountry, No worries! Thank you for helping out the community