Trend Intensity
The Trend Intensity indicator measures the strength of the trend. Trend intensity tells us whether we are in an up or downtrend.
Ex:
A TI value of 150 means that the 7 day moving average is currently 50% above the 65 day moving average. This tells us that prices were moving up quickly in recent history.
A TI value of 80 tells us that the 7 day moving average is currently 20% below the 65 day moving average. This tells us that prices were moving down in recent history.
Ex:
A TI value of 150 means that the 7 day moving average is currently 50% above the 65 day moving average. This tells us that prices were moving up quickly in recent history.
A TI value of 80 tells us that the 7 day moving average is currently 20% below the 65 day moving average. This tells us that prices were moving down in recent history.
study(title = "Trend Intensity", shorttitle="TI", overlay=true) src = close len = input(7, minval=1, title="Length") smma = na(smma[1]) ? sma(src, len) : (smma[1] * (len - 1) + src) / len plot(smma, color=red) lenn = input(65, minval=1, title="Length") smmaa = na(smmaa[1]) ? sma(src, lenn) : (smmaa[1] * (lenn - 1) + src) / lenn plot(smmaa, color=green) TI = smma/smmaa * 100 plot(TI, color=blue)