Fisher Trend

FisherTrend.efs                                                                                                               EFSLibrary - Discussion Board

File Name: FisherTrend.efs

Description:
Fisher Trend

 

Formula Parameters:
RangePeriods : 30
PriceSmoothing : 0.3
IndexSmoothing : 0.3
Point : 0.01

 

Notes:

Download File:
FisherTrend.efs




EFS Code:

/*********************************
Provided By:  
    eSignal (Copyright c eSignal), a division of Interactive Data 
    Corporation. 2009. All rights reserved. This sample eSignal 
    Formula Script (EFS) is for educational purposes only and may be 
    modified and saved under a new file name.  eSignal is not responsible
    for the functionality once modified.  eSignal reserves the right 
    to modify and overwrite this EFS file with each new release.

Description:        
    Fisher Trend  
    
Version:            1.0  06/16/2009
 
Formula Parameters:                     Default:
    RangePeriods                        30
    PriceSmoothing                      0.3
    IndexSmoothing                      0.3
    Point                               0.01
    
Notes:

**********************************/
var fpArray = new Array();
var bInit = false;

function preMain(){
    setPriceStudy(false);
    setShowCursorLabel(true);
    setShowTitleParameters(false);
    setStudyTitle("Fisher Trend");
    setCursorLabelName("Fisher Trend", 0);
    setDefaultBarFgColor(Color.black, 0);
    setPlotType(PLOTTYPE_HISTOGRAM, 0);
    setDefaultBarThickness(2, 0);
    var x = 0;
    fpArray[x] = new FunctionParameter("RangePeriods", FunctionParameter.NUMBER);
    with(fpArray[x++]) {
        setLowerLimit(1);
        setDefault(30);
    }    
    fpArray[x] = new FunctionParameter("PriceSmoothing", FunctionParameter.NUMBER);
    with(fpArray[x++]) {
        setLowerLimit(0.001);
        setDefault(0.3);
    }    
    fpArray[x] = new FunctionParameter("IndexSmoothing", FunctionParameter.NUMBER);
    with(fpArray[x++]) {
        setLowerLimit(0.001);
        setDefault(0.3);
    }        
    fpArray[x] = new FunctionParameter("Point", FunctionParameter.NUMBER);
    with(fpArray[x++]) {
        setLowerLimit(0);
        setDefault(0.01);
    }            
}

var xFT = null;

function main(RangePeriods, PriceSmoothing, IndexSmoothing, Point) {
var nBarState = getBarState();
var nFT = 0;
    if (nBarState == BARSTATE_ALLBARS) {
        if(RangePeriods == null) RangePeriods = 10;
        if(PriceSmoothing == null) PriceSmoothing = 0.3;
        if(IndexSmoothing == null) IndexSmoothing = 0.3;
        if(Point == null) Point = 0.01;
	}
	if (bInit == false) {
        addBand(0, PS_SOLID, 1, Color.black, "Zero");	
        xFT = efsInternal("Calc_FT", RangePeriods, PriceSmoothing, IndexSmoothing, Point);
        bInit = true;
	}
    nFT = xFT.getValue(0);
    if (nFT == null) return;
    if (nFT > 0) setBarFgColor(Color.green, 0);
    if (nFT < 0) setBarFgColor(Color.red, 0);    
	return nFT;
}

var bSecondInit = false;
var xSmoothedLocation = null;

function Calc_FT(RangePeriods, PriceSmoothing, IndexSmoothing, Point) {
var nRes = 0;
var nRef = ref(-1);
var nFT = 0;
var nSmoothedLocation = 0;
var nFishIndex = 0;
var nSmoothedFish = 0;
    if (bSecondInit == false) {
        xSmoothedLocation = efsInternal("Calc_SmoothedLocation", RangePeriods, PriceSmoothing, Point);
        bSecondInit = true;
    }
    nSmoothedLocation = xSmoothedLocation.getValue(0);
    if (xSmoothedLocation.getValue(-1) == null) return;
    if (nSmoothedLocation >  0.99) nSmoothedLocation = 0.99; 
    if (nSmoothedLocation < -0.99) nSmoothedLocation = -0.99;
    if( 1 - nSmoothedLocation != 0) 
        nFishIndex = Math.log((1 + nSmoothedLocation) / (1 - nSmoothedLocation));
    nFT = IndexSmoothing * nRef + (1 - IndexSmoothing) * nFishIndex;
    return nFT;
}

var bThridInit = false;
var xHH = null;
var xLL = null;
var xHL2 = null;

function Calc_SmoothedLocation(RangePeriods, PriceSmoothing, Point) {
var nRes = 0;
var nRef = ref(-1);
var nHH = 0;
var nLL = 0;
var nHHLLRange = 0;
var nMidPrice = 0;
var nPriceLocation = 0;
    if (bSecondInit == false) {
        xHH = upperDonchian(RangePeriods);
        xLL = lowerDonchian(RangePeriods);
        xHL2 = hl2();
        bSecondInit = true;
    }
    nHH = xHH.getValue(0);
    nLL = xLL.getValue(0);
    if (xHH.getValue(-1) == null) return;
    nMidPrice = xHL2.getValue(0);
    if (nHH - nLL < 0.1 * Point) nHH = nLL + 0.1 * Point;
    nHHLLRange = nHH - nLL;
    if (nHHLLRange != 0) {
        nPriceLocation = (nMidPrice - nLL) / nHHLLRange;
        nPriceLocation = 2 * nPriceLocation - 1;
        
    }
    nRes = PriceSmoothing * nRef + (1 - PriceSmoothing) * nPriceLocation;
    return nRes;
}