I've had great success past few years as a daytrad
Post# of 75011
On topside of my chart I use Bollinger bands - Pivot Points as well as PSAR On bottom - use Fisher transform and just vol -- this is what we call our small crayon box of tools -- aka less is more
I trade 500 shares of either TNA or TZA and as I spoke with brodidi other day use gann's 1st premise -- I set a max pain stop of $200 each trade. If I can catch Tna off a piv point with blue leading orange in fisher odds are 2/1 of a winning trade and have to realize Vegas lives on a 52/48 ratio> I'm gonna post some commentary of one of my fellow investors who'll explain the fisher transform better than I can. We are still a collaberative group who met via the yahoo stock chat board in 2002 and still rocking on as all retired early.
If u look at todays TNA chart @ 10:30 TNA did it's thing and is very well defined
Hope this can help others
Rock on RMHB
Dadon _111
The Inverse Fisher Transform is a formula calculated by Sir Ronald Aylmer Fisher, the father of modern statistical test methods. It is the Blue line in your Medved chart. the Orange line is a 2 period Simple Moving Average of the 9 period Blue Fisher. This interpretation of 2 lines crossing was formulated by Dr. John Ehlers and published in the Technical Analysis of Stocks and Commodities Magazine (TASC), Oct. 2010. Several different interpretations of the Fisher Transform are presented in various technical charting programs. Medved incorrectly i believe, calls the Ehler's Fisher - -simply the Fisher using the 2 lines. Most implementations of the Fisher in other programs just give the one line for the calculation of Dr. Fisher's Transform --but also allow you to add a Simple MA of the Fisher data as the input stream to the SMA (2) calculation --such as Worden and NinjaTrader - -so you define the Fisher (9) and the SMA (2) of the Fisher (9) to see the Dr. Ehler's calculation of a two line cross that can be used for trade timing.The Inverse Fisher Transform is a formula calculated by Sir Ronald Aylmer Fisher, the father of modern statistical test methods. It is the Blue line in your Medved chart. the Orange line is a 2 period Simple Moving Average of the 9 period Blue Fisher. This interpretation of 2 lines crossing was formulated by Dr. John Ehlers and published in the Technical Analysis of Stocks and Commodities Magazine (TASC), Oct. 2010. Several different interpretations of the Fisher Transform are presented in various technical charting programs. Medved incorrectly i believe, calls the Ehler's Fisher - -simply the Fisher using the 2 lines. Most implementations of the Fisher in other programs just give the one line for the calculation of Dr. Fisher's Transform --but also allow you to add a Simple MA of the Fisher data as the input stream to the SMA (2) calculation --such as Worden and NinjaTrader - -so you define the Fisher (9) and the SMA (2) of the Fisher (9) to see the Dr. Ehler's calculation of a two line cross that can be used for trade timing.
The blue and the orange represent lots of calculations made on many data points that get painted as blue leading orange or vice versa --but a dude figured the calcs out long ago - -he got his ph.D. for it after being denied in school by his prof. he was knighted and now is up listening to SRV - -we still got his crayons.