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Indicator-A-Day
 24. Volume Breakdown
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Investor/RT Tour ( more on Technical Indicators )
Fishy Turbo

The Formula . . . 

. . .more on Formulas 


x = MA_WEIGHTED ( 0.1 * (RSI(6) - 50, 6 )

fishyTurbo = ( POW( e, 2 * x) - 1 ) / ( POW( e, 2 * x) + 1 )

 
The Presentation . . . 

. . . more on Charts 

The chart above is a 2-minute chart of ESZ8 with the Fishy Turbo indicator added to the lower pane.

 
The Preferences . . . 

. . . more on Preferences 

  • Draw As - Color(s) and style used to draw the True Range in the chart.

 
The Description . . .

The Fishy Turbo is another name for John Ehler's "Inverse Fisher Transform of RSI" which was detailed in the May 2004 edition of TASC magazine.

Resulting values range between 1.0 and -1.0 with bullish triggers occurring at crossovers of -0.5 and bearish triggers of 0.5.

 
RTL Token . . . N/A ( more )

There is no RTL token yet for Fishy Turbo.
 

Keyboard Adjustment . . .
N/A

For more information on technical indicator adjustment, click here.

User Strategies . . . 
 
If you have a User Strategy involving this or any other indicator that you'd like to share, please email to support@linnsoft.com