Fisher Transform

[pworroll]

I am trying to set an alert to warn me when the fisher transform reaches its peak and the next bar of the fisher transform forms lower than the high/peal.

[NinjaTrader_PaulH]

Hello pworroll,

Thanks for your post and welcome to the forums.

Looks like you would want to evaluate the (Fisher transform level) of 2 bars ago to the previous bar to find if 2 bars ago was less than 1 ago and then assess the value of the current bar to the previous looking for the current bar to be less than the previous bar. So meeting those conditions means the previous bar was the high between 2 bars ago and the current bar.

Since the Fisher transform is an oscillator to effectively check for those conditions you would want to look at the absolute values at each bar.

Once you find that condition you could then issue an alert message to the alert window which could include a sound as needed.

Please let me know if I can be of further assistance.

[pworroll]

Fisher Transform

Thank you Paul. I understand the logic as you describe and what you state is exactly what I require. I now understand that one has to have more than just one value to determine a change in direction or a "lower high"

I however am still not quite sure how to write this to be able to set the alertt - might you be able to help.

[NinjaTrader_PaulH]

Hello pworroll,

Thanks for your reply.

Here is the code section to evaluate for the condition:

if (Math.Abs(Value[1]) > Math.Abs(Value[2]) && Math.Abs(Value[0]) < Math.Abs(Value[1]))
{
//Do your alert thing in here, also, if you want:
DrawDot("tag1"+CurrentBar, true, 0, Value[0], Color.Red); // put dot on histogram bar meeting condition
}

Note: if you choose to use the drawdot you will need to add in initialize section: DrawOnPricePanel = false;

Please let me know if I can be of further assistance.

[pworroll]

Fisher Transform

Thanks for the info - will work on it but ninja script a bit too much for me I think.

[NinjaTrader_PaulH]

Hello pworroll,

Attached is a courtesy copy of what I put together on the Fishertransform. I added the lines of code listed in the prior post and also added a playsound statement. You can edit the file to change the sound if you wish. No warranty is expressed or implied, further code changes would be on you. I also added a picture of what the output looks like.

The file is FtranformExample, the indicator is Ftransform.

Once Downloaded, you may import the indicator by:

From the Control Center window select the menu File > Utilities > Import NinjaScript to open the Import NinjaScript dialog window
Select the file you want to import
Press the "Open" button
Once installed, you may add the indicator to a chart by:

Right click you chart > indicators > Select the Indicator from the list on the left > New > OK

Please let me know if I can be of further assistance.

[pworroll]

FTransform

Thanks you very much Paul this is much appreciated. Works a treat