I modified the script "Fisher Stochastic Center of Gravity" of @DasanC for this indicator.
I added inverse Fisher transform, cycle period adaptiveness mode (Ehlers) and smoothing to it.
Moreover, I added buy and sell and beautified some stuff.
Lastly, it is also non-repainting!
This indicator can be used like a normal stochastic, but I...
The Fisher Stochastic Center Of Gravity Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 95) and this is a combo cycle indicator mixed with a stochastic indicator. The idea is to capture the beginning of the cycle and ride it until the end. Buy when the indicator line is green and sell when it turns red.
This was a custom...