Fisher Transform Indicator

[aligator]

Andrei60

What is the point of duplicating and posting an indicator the NinjaTrader has already included by default, if it does not add any value?

[Andrei60]

Yes, this indicator is already on by default. I forgot about it, I'm sorry. But please note that my indicator (John Ehlers Indicator) is designed differently. Its data is easier to understand and use.

[aligator]

But please note that my indicator (John Ehlers Indicator) is designed differently. Its data is easier to understand and use.

Can you please elaborate how the indicator data is easier to understand, if that is the added value. The added 1-bar shifted plot is not the same as a SMA to produce a cross signal and really does not do anything.

Also, the indicator values are different from the real NT default indicator values because the parameters and method used are different. You may want to name it something else so that it is not confused for the real Fisher Transform Indicator.

Cheers!

[Andrei60]

You can compare the data yourself.
The names of the indicators are different. The full name of my indicator is "EhlersFisherTransformIndicator". The indicator is placed in a separate folder and therefore no confusion will arise.

[aligator]

You can compare the data yourself.
The names of the indicators are different. The full name of my indicator is "EhlersFisherTransformIndicator". The indicator is placed in a separate folder and therefore no confusion will arise.

Already noted before, data comparison shows different results.

[Andrei60]

The calculation method is different. And the names are different.