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IFT Stochastic (NT)
- Categories: Indicator, NinjaTrader
- Tags: Ehlers, Oscillator, Stochastic
- Type: Free
The IFT Stochastic (Inverse Fisher Transform Stochastic) for NinjaTrader is an oscillator that combines the stochastic curve, and the inverse fisher transform
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
Introduction to IFT Stochastic
Introduced by John Ehlers, the IFT Stochastic (Inverse Fisher Transform Stochastic) indicator for NinjaTrader is an oscillator that combines both the stochastic curve, and the inverse fisher transform curve as well. This combination is used to determine entry and exit signal for long and short trades. Below is a reference to entry and exit signals:
- Buy Signal (Long Entry): Triggered when the Stochastic curve rises above 30.
- Sell Signal (Short Entry): Triggered when the Stochastic curve falls below 60.
- Exit Buy Trade (Long Exit): Signal occurs when the IFT Oscillator drops below 60.
- Exit Sell Trade (Short Exit): Signal occurs when the IFT Oscillator rises above 30.
Key Features of Inverse Fisher Transform Stochastic
- Internal Lookback Periods: The user will have the option to customize all internal periods.
- Trend: A custom trend curve can be generated by the study to aid the trader in entry and exit signals.
Review the screenshots and video for setup options.
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