BeatlemaniaSA wrote: Sat Apr 22, 2023 8:21 pm Fantastic, thanks mrtools!

Warmest regards,
BeatlemaniaSA

EDIT:
Looking great on the charts. Before and after and I still contend that, @jimmy, the EFT (Ehlers Fisher Transform) needs to be in the top 10 indicators!

Hi All,

In this image of the EFT (Ehlers Fisher Transform) posted by BeatlemaniaSA the EFTs have dotted line levels. I looked at all the EFT indicators in this thread but couldn't find any that included levels. Although I didn't find this discussed in the explanations of how EFT works but I'm wondering if those levels can act as overbought and oversold levels. If that is so then can someone please point me to an EFT indicator that include those overbought and oversold levels as shown in this image. Thanks.

My rational for wanting an EFT indicator with overbought and oversold levels is that since market prices don't follow a Gaussian Normal Distribution, standard deviation levels as shown by the Bollinger Bands indicator are not that reliable, so since the EFT indicator modifies the price into an almost Gaussian Normal Distribution bell-shaped curve, then if standard deviation levels are added to the EFT, then those levels should be very reliably indicators that the price is approaching overbought and oversold levels. Without overbought and oversold levels, the EFT only indicates reversals after it's slope reverses, not before.