Triple EMA (TEMA) + Fisher Transform / Owl of Profit

Triple EMA (TEMA) + Fisher Transform Strategy

This strategy combines the Triple Exponential Moving Average (TEMA) and Fisher Transform to identify trend and momentum-based entry and exit signals.

Features:
Triple EMA (TEMA):

A smoothed trend-following indicator designed to reduce lag.
Length: 21 (default).
Helps identify trend direction and crossover signals.
Fisher Transform:

Converts price movements into a Gaussian normal distribution.
Length: 10 (default).
Smoothing: Optional smoothing is applied to reduce noise.
Entry and Exit Logic:
Long Condition:

Price crosses above the TEMA line.
Fisher Transform crosses above 0.
Short Condition:

Price crosses below the TEMA line.
Fisher Transform crosses below 0.
Exit Long:

Price crosses below the TEMA line.
OR Fisher Transform crosses below 0.
Exit Short:

Price crosses above the TEMA line.
OR Fisher Transform crosses above 0.
Visualization:
TEMA:

Plotted in blue on the price chart to show trend direction.
Fisher Transform:

Plotted in red on a separate pane, with a dotted zero line for reference.
Zero Line:

A horizontal line at 0 helps visualize Fisher Transform crossovers.
Customization:
Adjustable TEMA and Fisher Transform lengths to fit different market conditions.
Optional smoothing for Fisher Transform to reduce noise.
This strategy is ideal for traders looking to combine trend-following and momentum-based signals for precise entries and exits.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!