TheTradingParrot

Inverse Fisher Transform on RSI for backtest w/alerts

This version of the Inverse Fisher Transform on RSI comes with support for

1) Backtesting with Gavin's backtest script
2) Bypass, you can use another indicator to pause buy signals from this indicator. Just create another indicator that plots "1" whenever you want to activate the bypass on the IFTRSI signal.
3) Independent buy and sell level thresholds. Some tokens perform better with a higher sell level, even levels as high as 0.996, sometimes the buy level can also be relaxed to even 0.6 and get incredible results on the 5 minute chart.
4) alerts for Buy and Sell signals

Make sure you add Gavin's backtest and select external signal and this indicator as the source.

Notes de version: remove unneeded code
Notes de version: - built in QFL bypass
- External bypass can work in conjunction with built in QFL bypass
- Support for second buy level. This is very useful, you can decide you want to enter a deal at -0.6 and then only fire another buy if the buy level reaches -0.99 and then take a more conservative second deal. This could be used as a way to average down using a second deal that got more oversold than the first one.
Notes de version: Now you can specify separated sell levels for when TV technical rating is buy or sell.
This is pretty useful to
1) sell sooner when the market conditions are bearish. This can help reduce the size of losses
2) sell later when the market conditions are bullish. This can help increase the profits of wins.

Try different TV timeframes. 15 minutes gave me good results.

Some example of Sell levels:
0.999 and above will sell almost never
0.99 to 0.996 is a bit more frequent and sooner
0 and 0.5 will sell very often, maybe too often
Notes de version: repaint issue fix
Notes de version: color coded signals
Notes de version: - Now support for TV technical rating based BUY and SELL levels.
- Removed support for the second buy level as the TV technical rating seems to be a better option. This also helped making the code a bit more readable.
- Min candle age setting now also applies to TV rating levels
- Buy on reversal now also applies to TV rating BUY levels.
Notes de version: This version introduces a normalized volatility range filter.
Pretty cool for those tokens with too much or too little volatility.
Decide when to enter by setting a min and max volatility.
Example:
- trade high volatile conditions with min 70 to max 100
- trade breakouts from low volatility conditions using 0 to 30
- trade moderate...you get the idea!
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
Join our Patreon to gain access to the private scripts.

https://www.patreon.com/thetradingparrot

Commentaires

can be for stocks ? thanks
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Thx!
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Great job, many thanks. Where do I find the bull bypass indicator?
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Thank you so much :))
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