Ready aim fire indicator

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • 12/14/2021 at 3:58 PM #183308 quote
    Alfy
    Participant
    Average

    Good afternoon guys, ive been trying to create the Ready aim fire indicator used by John Carter. It is a fisher transform of the Stochastic (17,5). I have created the code but i wondered if someone could check it to see if it was done correctly or any improvements that could be made.

    thanks in advance

    C=stochastic [17,5] (close)
d=c/100
fish2=0.5*Log((1 + d)/(1 - d))
if fish2>fish2 [1] then
e=1
else
e=0
endif
F=1.2
G=-1.2
Return fish2 COLOURED (255,0,255), F COLOURED (0,255,0),G COLOURED (0,255,0)
    12/15/2021 at 1:04 PM #183377 quote
    Nicolas
    Keymaster
    Master

    Thanks a lot for sharing the source code of this indicator. Do you know how to use it? How it was designed in the first place by his author?

    12/15/2021 at 4:18 PM #183396 quote
    Alfy
    Participant
    Average

    http://www.fwtrader.com/wp-content/Software/ClubTools/FW_FT_3xStochastics_Understanding_and_Using_the_Fisher_Stochastics_Study_b.pdf

    This is the original indicator which was later renamed Ready aim Fire by Simpler trading. From the literature, it seems the original fisher transform is graphed along with a fisher transform of 3 different length stochastics. The magenta line is the transform of the 17,5 Stochastic and its signals are when the indicator changes direction especially at overbought and oversold levels greater or less than -1.2 and +1.2. Hope this helps. If anyone has Think or Swim they can check that the indicator is created correctly.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

Ready aim fire indicator


ProBuilder: Indicators & Custom Tools

New Reply
Author
author-avatar
Alfy @alfy Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Alfy
4 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 12/14/2021
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™