This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
Strategy · Pine Script v4 · Own pane
Multifactor Inverse Fisher Strategy
This strategy calculates the Inverse Fisher Transform on selectable technical factors including Money Flow Index, RSI, RSX, Karobein Oscillator, and Scaled Price.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code121
Settings11inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Multifactor Inverse Fisher Strategy smooths values using a Jurik Moving Average smoother and plots the resulting oscillator in a separate pane. The script triggers signals when the transformed value crosses a defined threshold, managing positions with an optional trailing stop loss based on points and offset settings. Users can configure the factor method, lookback periods, threshold level, and stop parameters. Strategy execution depends on user-defined inputs, with exits governed primarily by trailing stops.
- Inverse Fisher transform
- Jurik Moving Average smoothing
- Selectable technical factors
- Trailing stop loss execution
Details
Published by
capissimo on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume
Markets
Any symbol
Timeframes
M1-M5, M15-H1, H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Time frame | int | 7 | tf |
| Factor | string | MFI | method |
| RSI Lookback (5) | int | 2 | p |
| Smoothing Lookback (1) | int | 15 | psmooth |
| Threshold | input | 0. | thres |
| Use JMA smoother | bool | true | j |
| JMA Power Parameter | int | 1 | pwr |
| Show Transformed Karobein Osc | bool | true | kosc |
| Use Trailing Stop? | bool | true | useStop |
| Stop Loss Trail Points | int | 200 | slPoints |
| Stop Loss Trail Offset | int | 200 | slOffset |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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