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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!!!
Can you help answer these questions from other members on NexusFi?
When creating a new thread, note which subforum you are in. Here is a short list of suggestions:
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-- 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.
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
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:
I have imported and compiled successfully into NT7 as is (without changing anything).
The indicator window shows on a chart but it is not populated, ie: it is blank.
Can anyone see if they get the same or can help to work in NT7 …
Again, the NinjaTrader default Fisher Transform is safe.
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].
