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FisherTransform - able to reference the bars that FisherTransform Indicator produces
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FisherTransform - able to reference the bars that FisherTransform Indicator produces

  #1 (permalink)
Elite Member
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FisherTransform - able to reference the bars that FisherTransform Indicator produces

As you may know the FisherTransform Indicator generates bars and the resulting peak swings are great for identifying price reversals. However, the indicator itself does not produce a plot or bar reference that I can use or easily find to insert into a strategy. I.e., the strategy wizard (sorry Big Mike) does not make any reference to a bar or plot. Looking at the manual code it is also unclear exactly what is producing the bar plots for the indicator.

For example, one strategy of a long signal would be a "V" formation developed during 4 bars.:

// Condition set 1
if (Rising(FisherTransform(10)) == true
&& Low[1] < Low[2]
&& Low[2] < Low[3])
// EnterLong

And the short formation would look like the carrot (^) symbol during 4 bars:

// Condition set 2
if (Falling(FisherTransform(10)) == true
&& High[1] > High[2]
&& High[2] > High[3])
//EnterShort

Please note that both these conditions above refer to the candlestick (or OHLC bar), not the bar produced by the FisherTransform Indicator. Therefore, I need to be able to reference the bars the FisherTransform produces. How do I do that???

Additionally, as a related problem to incorporation of the Indicator into a strategy:

If I had the FisherTransform Indicator in a sub panel and not using the price of the instrument (price markers - false) it would use a 3, 2, 1, 0, -1, -2, -3 price scale. However, this indicator doesn't plot anything I can use that would cross over/under 0 or -1.5, etc.

So, I'm asking again, how to a reference a bar, plot, line, etc in my strategy with this indicator????

A solution to this problem will help a great many people who think this is a terrific indicator but can't use it in a strategy.

YOUR ASSISTANCE IS VERY MUCH APPRECIATED!!!

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  #2 (permalink)
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When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

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Please be advised, Fisher on NT heavily repaints. I want to make sure you know this before you waste time trying to incorporate it into a strategy.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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  #3 (permalink)
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hmm,
i dont know if i get your thought right
but let me start like this :
an calculated indicator first gives us a value, a number in some way.
as second we go and use a method to plot this on a chart.
so the plot-thing - line, bar, whatever is secondary for your needs i think.

you look for the value of the FisherTransform(10) and want to work with it, right ?

and the value you get like this :

FisherTransform (10) [0] - this gives out the value of the indi at the current bar
this can be used for comparison + condition-building now.

the wizard / condition-builder doesnt show you the category "plot" because the FisherTransform has only 1 dataseries / plot.
the "plot-"choose option in the wizard only comes up if the indi has multiple plots to choose from - like the MacD iE.

well, i hope this hits the thing you talk about a bit

max-td

Last edited by max-td; July 6th, 2011 at 04:48 AM.
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  #4 (permalink)
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Thread Moved


Moved to NinjaTrader Programming



When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
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- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
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- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading



Please be advised, Fisher on NT heavily repaints. I want to make sure you know this before you waste time trying to incorporate it into a strategy.

Mike

@Big Mike

The NinjaTrader Fisher Transform does not repaint. There is no problem.

However, there is a MetaTrader indicator called FisherYur4ik, which had been translated into a repainting indicator for NinjaTrader. More details can be found in the thread below:

https://futures.io/ninjatrader-programming/7985-fisher-ninjatrader-7-a.html

Again, the NinjaTrader default Fisher Transform is safe.

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The following user says Thank You to Fat Tails for this post:
 
  #5 (permalink)
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Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
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Zipper Ripper View Post
As you may know the FisherTransform Indicator generates bars and the resulting peak swings are great for identifying price reversals. However, the indicator itself does not produce a plot or bar reference that I can use or easily find to insert into a strategy. I.e., the strategy wizard (sorry Big Mike) does not make any reference to a bar or plot. Looking at the manual code it is also unclear exactly what is producing the bar plots for the indicator.

As @max-td explained, there should not be any problem.

The indicator produces a plot. As it produces only a single plot you do not need to reference the DataSeries. For example you would call the MACD histogram in a strategy as MACD(fast, slow, smooth).Diff[0], so you need to specify that you call Diff, which is the histogram. The Fisher Transform can be simply called as FisherTransform(period)[0].

It is not clear what you look for.

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The following user says Thank You to Fat Tails for this post:
 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
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Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
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Fat Tails View Post
@Big Mike

The NinjaTrader Fisher Transform does not repaint. There is no problem.

However, there is a MetaTrader indicator called FisherYur4ik, which had been translated into a repainting indicator for NinjaTrader. More details can be found in the thread below:

https://futures.io/ninjatrader-programming/7985-fisher-ninjatrader-7-a.html

Again, the NinjaTrader default Fisher Transform is safe.

Yes, thanks - I was confusing his post for FisherYur4ik.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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