This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
If the prices are normalized to fall
within the range from −1 to +1 and subjected to the Fisher transform,
extreme price movements are relatively rare events. This means the turn-
ing points can be clearly and unambiguously identified.
Making a signal clearer doesn’t necessarily make it better.
I don’t have an opinion one way or another. However, it seems like it could be worth looking into.
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com