Fisher Transform + ADX
# Fisher Transform + ADX
A single-pane indicator that combines the Fisher Transform (momentum and turning points) with ADX (trend strength). It helps you check direction and trend strength at the same time, without stacking two separate indicators.
## How it works
**Fisher Transform:** Price (HL2) is normalized over a lookback window and passed through the Fisher formula. This sharpens turning points and shows momentum swings more clearly. The aqua line is Fisher and the fuchsia line is its trigger (the previous bar's value).
**ADX:** Measures how strong a trend is, regardless of direction. The orange line is ADX, with an optional +DI / -DI overlay. A dotted level (default 25) marks the usual "trending" threshold.
**Scaling:** Fisher normally sits between about -3 and +3, while ADX runs from 0 to 100. To make both readable in one pane, Fisher is multiplied by an adjustable scale factor (default 10). Its zero line stays at 0, so read its zero crossings and direction, not its exact value.
## Signals
- **Long condition:** ADX is above the trend level and Fisher is above 0 (green background, triangle on the first bar)
- **Short condition:** ADX is above the trend level and Fisher is below 0 (red background, triangle on the first bar)
The idea is to take direction from Fisher only when ADX says the market is trending, which helps filter out choppy, low-strength phases.
## Settings
- **Fisher Length** (default 9)
- **Fisher Scale:** visual scaling only, does not change the calculation
- **ADX Length / DI Length** (default 14 / 14)
- **ADX Trend Level** (default 25)
- **Show +DI / -DI:** optional
- **Show signals:** turn the background and triangles on or off
## Alerts
Two alert conditions are included: Fisher+ADX Long and Fisher+ADX Short.
## Tips
- Works on any symbol and timeframe. Shorter Fisher lengths react faster but give more noise.
- Raise the ADX level (e.g. 30) for stricter trend filtering, or lower it (e.g. 20) for earlier signals.
- Best used with price structure, support/resistance or a higher-timeframe trend filter, not as a standalone system.
## Disclaimer
This indicator is for educational and analytical purposes only. It is not financial advice. Past behavior does not guarantee future results. Always test on your own and use proper risk management.
A single-pane indicator that combines the Fisher Transform (momentum and turning points) with ADX (trend strength). It helps you check direction and trend strength at the same time, without stacking two separate indicators.
## How it works
**Fisher Transform:** Price (HL2) is normalized over a lookback window and passed through the Fisher formula. This sharpens turning points and shows momentum swings more clearly. The aqua line is Fisher and the fuchsia line is its trigger (the previous bar's value).
**ADX:** Measures how strong a trend is, regardless of direction. The orange line is ADX, with an optional +DI / -DI overlay. A dotted level (default 25) marks the usual "trending" threshold.
**Scaling:** Fisher normally sits between about -3 and +3, while ADX runs from 0 to 100. To make both readable in one pane, Fisher is multiplied by an adjustable scale factor (default 10). Its zero line stays at 0, so read its zero crossings and direction, not its exact value.
## Signals
- **Long condition:** ADX is above the trend level and Fisher is above 0 (green background, triangle on the first bar)
- **Short condition:** ADX is above the trend level and Fisher is below 0 (red background, triangle on the first bar)
The idea is to take direction from Fisher only when ADX says the market is trending, which helps filter out choppy, low-strength phases.
## Settings
- **Fisher Length** (default 9)
- **Fisher Scale:** visual scaling only, does not change the calculation
- **ADX Length / DI Length** (default 14 / 14)
- **ADX Trend Level** (default 25)
- **Show +DI / -DI:** optional
- **Show signals:** turn the background and triangles on or off
## Alerts
Two alert conditions are included: Fisher+ADX Long and Fisher+ADX Short.
## Tips
- Works on any symbol and timeframe. Shorter Fisher lengths react faster but give more noise.
- Raise the ADX level (e.g. 30) for stricter trend filtering, or lower it (e.g. 20) for earlier signals.
- Best used with price structure, support/resistance or a higher-timeframe trend filter, not as a standalone system.
## Disclaimer
This indicator is for educational and analytical purposes only. It is not financial advice. Past behavior does not guarantee future results. Always test on your own and use proper risk management.
ALWAYS REMEMBER NO ONE IS BETTER THAN U .
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
ALWAYS REMEMBER NO ONE IS BETTER THAN U .
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。