In the February 2022 issue of TASC, trading guru John Ehlers introduced a fascinating tool—the Elegant Oscillator. This indicator leverages the inverse Fisher transform, and it’s designed to give traders like us a clearer view of market trends.
Key Recommendations:
- This version of the Elegant Oscillator is an upgrade from the original, allowing you to customize your oscillator period instead of sticking with a fixed one.
- Don't hesitate to tinker with the parameters! For example, in the chart below, the red line shows the default settings, while the blue line uses periods of 100. There’s plenty of flexibility for experimentation!
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