sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

Written by John Ehlers, the Deviation Scaled Oscillator is also known as Fisherized Deviation-Scaled oscillator.  Standard indicators such as the RSI have an issue when maximum or minimum values are reached. Once near those values, any small changes will reflect greatly leading to confusion on the other end (could also be known as probability bias). Generally speaking, Fisher transform doesn't have this problem and behave more expectedly around trend changes. This is what is believed to be the intent of this oscillator.

We have packed this indicator with many options for customization. We have also included "Market Analyzer" column for convenience.

Features:

• Option to adjust shade coloring and opacity.
• Option to color the curve when reaching oversold and overbought values.
• Option to add buy/sell signals.

Review the screenshots for setup options and columns setup for Market Analyzer. A video is also available for demonstration purposes.