Fisher-based Scalping Indicator

Category: momentum, cycle

A scalping indicator that applies a Fisher-like transformation to normalized price positions within a lookback range to identify cyclical turning points.

Formula

Value_n = 0.66 \cdot (\frac{MedianPrice - Low_{min}}{High_{max} - Low_{min}} - 0.5) + 0.05 \cdot Value_{n-1} \\ Fisher = 0.5 \cdot \ln(\frac{1 + Value}{1 - Value}) + 0.5 \cdot Fisher_{n-1}

Inputs

• intensity (default: 240)
• periods (default: 400)

See signal primitives and every published strategy that uses Fisher-based Scalping Indicator on WOBR StrategyVerse.