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Traders' Tips from TASC Magazine
A Smoothed RSI Inverse Fisher Transform

The article by Sylvain Vervoort in this issue, “A Smoothed RSI Inverse Fisher Transform”, demonstrates an indicator that gives clear entry and exit signals, making it easier to make your entry and exit decisions.

Using Indicator Builder, one needs to create the SVE inverse Fisher RSI indicator:

SVE inverse Fisher RSI:

input
RSIper : "RSI Period?",4,2,30;
EMAper : "Exponential Moving AveragePeriod?",4,1,100;
end_input

var
RainbW:=0;
x:=0;
EMA1:=0;
EMA2:=0;
Difference:=0;
ZlEma:=0;
invfish:=0;
end_var

RainbW:=(5 * Mov(C, 2, W) + 4 * Mov(Mov(C, 2, W), 
2, W) +
3 * Mov(Mov(Mov(C, 2, W), 2, W), 2, W) +
2 * Mov(Mov(Mov(Mov(C, 2, W), 2, W), 2, 
W), 2, W) +
Mov(Mov(Mov(Mov(Mov(C, 2, W), 2, W), 2, W), 2, W), 
2, W) +
Mov(Mov(Mov(Mov(Mov(Mov(C, 2, W), 2, W), 
2, W), 2, W), 2, W), 2, W) +
Mov(Mov(Mov(Mov(Mov(Mov(Mov(C, 2, W), 
2, W), 2, W), 2, W), 2, W), 2, W), 2, W) +
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C, 2, W), 
2, W), 2, W), 2, W), 2, W), 2, W), 2, W), 2, W) +
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C, 2, W), 
2, W), 2, W), 2, W), 2, W), 2, W), 2, W), 2, W), 
2, W) +
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C, 2, W), 
2, W), 2, W), 2, W), 2, W), 2, W), 2, W), 2, W), 
2, W), 2, W)) / 20;

x:=0.1 * (RSI(RainbW, RSIper) - 50);
EMA1:=Mov(x, EMAper, Exponential);
EMA2:=Mov(EMA1, EMAper, Exponential);
Difference:=EMA1 - EMA2;
ZlEma:=EMA1 + Difference;

invfish:=((Exp(2*ZlEma)-1)/(Exp(2*ZlEma)+1)+1)*50;

return invfish;



Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
A Smoothed RSI Inverse Fisher Transform
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