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Date/Time: Thu, 25 Apr 2024 06:50:10 +0000



Switching from another charting software - Inverse Fisher Transform RSI study question.

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[2018-07-26 14:21:23]
User718694 - Posts: 25
I'm switching from another charting software to SC and am in the process of recreating the indicators. I have an RSI with IFT in my original software (screenshot below - RSI properties.png) and found a similar study in SC but not sure where to put the Fisher field value in SC (sc.png) (0.1 - if I increase it to 0.2 it is less smooth), any ideas how to get exactly the same properties of the study, thanks.
Date Time Of Last Edit: 2018-07-26 14:23:21
imageRSI properties.png / V - Attached On 2018-07-26 14:17:14 UTC - Size: 28.02 KB - 333 views
imagesc.png / V - Attached On 2018-07-26 14:17:20 UTC - Size: 30.9 KB - 327 views
[2018-07-26 18:20:54]
Sierra Chart Engineering - Posts: 104368
That setting is not supported. Do you know how it is used in the formula for the calculation?
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
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Date Time Of Last Edit: 2018-07-26 18:21:11
[2018-08-07 07:15:20]
User718694 - Posts: 25
I've been given this link: http://ensign.editme.com/inversefisher but it looks like it only shows how the actual Fisher Transform is calculated:
The inverse Fisher transform is :
y = ( Exp(2 * x) - 1 ) / ( Exp(2 * x) + 1 )

and was told that the Fisher parameter I marked is an amplifier of this acceleration effect. Is there any study in SC where I could modify/amplify the Fisher transform itself as it seems to be done in E10?
Date Time Of Last Edit: 2018-08-07 07:17:47
[2018-08-07 17:30:21]
Sierra Chart Engineering - Posts: 104368
Reading through the page you linked to, you would need to do the following. Place an RSI study on the chart. Then use the following formula in the Spreadsheet Formula study:
=(2^(.1*(ID1.SG1 - 50)) - 1) / (2^(.1*(ID1.SG1-50))+ 1)

The ID1.SG1 is the reference to the RSI Subgraph.

Here is the documentation for the Spreadsheet Formula study:
Spreadsheet Formula
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2018-08-07 17:37:30
[2018-08-08 15:51:40]
User718694 - Posts: 25
Well, it doesn't look the same. Now, another question I have is which Draw Style I should use in Color Bar Based on Alert Condition study to get an indicator condition drawn similarly as that yellow bar at the top and bottom.
imageift.png / V - Attached On 2018-08-08 15:44:30 UTC - Size: 474.62 KB - 317 views
[2018-08-08 20:57:07]
John - SC Support - Posts: 31098
With regards to the Fisher Transform, we notice that you probably have to use the RSI Average, rather than just the RSI. This is Subgraph 4 in the RSI study. That will smooth out the data substantially.

With regards to the Color Bar Based on Alert Condition, we do not have an exact match to what you are looking for. Our recommendation to get something similar is to use the Draw Style of Point on High and then change the Width/Size to something around 5 (play the number to find a value that works for you). This will place a point above the bars where the alert condition is true.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

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