TS FisherSOAP
Sophisticated momentum and reversal indicator. Combines Fisher Transforms with a unique SOAP (Stochastic Oscillator Area Position) counting system.
Key Features
Analyzes market energy across multiple time horizons simultaneously for a complete view (Fast, Medium, Slow).
Tracks exhaustion and reversal setups using "Ready-Aim" methodology. Counts +1 (Green) or -1 (Red).
Arrows appear on momentum shifts. Vertical lines drawn automatically for actionable signal bars.
Adjust lookback periods, overbought/oversold thresholds, and toggle specific arrow components.
How to Trade
1. Follow the Background Trend
Identify the dominant market direction using the colored background zones:
- Green Background (Bull-Trend): Look for BUY signals only. Wait for the SOAP signal to form at the lows (oversold).
- Red Background (Bear-Trend): Look for SELL signals only. Wait for the SOAP signal to form at the highs (overbought).
2. SOAP Signal Entry
Once the trend direction is confirmed by the background:
- In Bull Trend: Wait for a "READY" (1) or "AIM" (2-3) signal at the bottom. Enter when the price turns up.
- In Bear Trend: Wait for a "READY" (1) or "AIM" (2-3) signal at the top. Enter when the price turns down.