Plots the multi-timeframe version of the fisher transform. When the desired interval is less than the chart interval, the intermediate values of the transform will be displayed.
Matched default values to Trading View built in Fisher Transform indicator. You should see identical values.
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Added some basic trending functions to show the trend and prevent whipsaws. The trend can only change at the last candle of the fisher transform desired interval.
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Added alert conditions for trend changes.
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Fixed bugs.
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Added shading fill to Fisher:Fisher[1] lines .
Added SRC price options: Close, HL3, OHLC4
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Fixed bug.
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Added 4 color themes for convenience
Added 2 thresholds that determine both the candlestick color and the fisher trend color
p = src == "HL2" ? (h + l) / 2 : src == "HLC3" ? (h + l + close) / 3 : src == "OHLC4" ? (op + h + l + close) / 4 : close
aNuFFi
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Awesome stuff mortdiggiddy!
Wondering if you convert this to pinescript v4 - I gave it a go without much expertise, but came unstuck converting the array across.
mortdiggiddy
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@aNuFFi, There is no advantage to converting to pine 4.
Dr_Khaos
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This is brilliant, thank you! I see it's in Pinescript V3 - Tradingview converter has an issues with line 85 in converting to Pinescript V4. Any idea how to correct the conversation error?
'Conversion failed, reason: Source pine is incorrect. line 85: Assertion failed: Tuple lengths are different! lvalue length is 6 rvalue lenght is 4'
Minerva11
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Thanks for your great work!
bobbertoswald
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What do you mean by multi time frame? Just that it works on many different TF?
mortdiggiddy
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@bobbertoswald, If the indicator is set to a higher time frame than the chart (i.e. the chart is 5 min and the fisher transform is set to 60 min), the incremental values for each 5 minute bar are shown. The values which match at the end of the last 5 minute candle in each 60 minute session, i.e. 0:55, 1:55, 2:55, 3:55, etc.
This indicator allows you to view the fisher transform on a lower chart interval when the fisher transform is set to a higher interval, so the ability to view a higher time frame indicator on a lower chart interval.