Inverse Fisher Transform - RSI TSAC
This AFL, Inverse Fisher Transform – RSI TSAC, could be centered around the RSI (Relative Strength Index) using the Inverse Fisher Transform in combination with a Time Segmented Adaptive Count (TSAC). It likely offers a unique approach to RSI analysis for detecting potential overbought or oversold conditions. Utilizing an Amibroker data feed, it computes the transformed RSI values, aiding traders in identifying significant RSI-based signals.
/// General - purpose Inverse Fisher Transform function
function InvFisherTfm( array )
{
e2y = exp( 2 * array );
return ( e2y - 1 )/( e2y + 1 );
}
Value1 = 0.1 * ( RSI( 5 ) - 50 );
Value2 = WMA( Value1, 9 );
x = InvFisherTfm( Value2 );
Plot( x, "IFT-RSI", colorRed, styleThick );
y = Ref(x,-1);
Plot(y, "", colorLightBlue);
PlotGrid( 0.5, colorLightGrey );
PlotGrid(-0.5, colorLightGrey );