My indicator is probably the most accurate indicator you can use today to make the most profitable trades. It will be open to the public for a limited time only so enjoy it while it is there. Come DM me if you want exactly how to use it. Tips and donations are welcome! I hope you have fun with it ;)
Not sure where I originally got this (somewhere off Tradingview several years ago, thanks to the person who shared), just publishing because of a request.
This is basically a stochastic OBV movement indicator. It is good to work with both price and volume. I've updated to be able to display either as positive only, or both sides (50/-50), also included an invert...
A modification of dasanc's "Fisher Stochastic Center of Gravity"
Added:
- Thresholds for Buy/Sell Signals
- Trailing Stop / Stop Loss
- Backtest Range
Support the open-source community.
Screw you people selling open-source scripts to newbies.
Tip Jar: 3KNZq8mE24MuBmpDJVF31bBy8zc9beDiZo
Contact me for collaborations and let's take things to the next...
What happens when you take the Fisher Transform of a Stochastic Oscillator?
Well, you filter out all the stuff you don't want and are left with super-precise entries!
This indicator works especially well in with a trend-follower in a higher timeframe - iTrend, MAMA, Hull, etc...
How to trade:
Use with another indicator to tell you the current trend.
Take buy...
This is a combination of three Stochastics (35, 65 and 100). Each has equal smoothing.
Powerzone: 5-20% and 95-100%
The centre line at 50% is a confirmation trend.
IFTSTOCH Strategy with 50% exits and full stops.
This strategy was developed for a backtest-rookies services customer. I has been published only for testing and acceptance. Access cannot be granted to anyone else sorry!
Other open source scripts are available on the Backtest Rookies profile.
