Potentially Useful Strategy (Inverse Fisher Transform RSI)

[crypto49er]

This looks interesting. So how does it work? Do you buy when it crosses over the green dotted line and sell when it goes past the red dotted line and goes below it?

What happens when it crosses the green dotted line but falters and never reaches the red dotted line? Does it sell when it falls back pass the green dotted line and considers that as a "stop loss"?

Also, I'm trying to think which indicator to make this strategy work? I never heard of the "Inverse Fisher Transform RSI". Based on the graph output in TradingView, it looks similar to MACD in terms of the range (+0.5, 0, -0.5), but I'm guessing we need to create our own indicator to make this work. So it looks to me that we need to create the indicator, and then the strategy. I have written a few strategies, but never my own indicator, would be an interesting challenge.