DSI - Dynamic Strength Index

The DSI is a volume weighted momentum indicator similar but superior to the traditional RSI.

The DSI algorithm takes values for RSI, MFI, OBV and stochastics, then gives them each a different weighting depending on their historic reliability in different market conditions, and then averages out the values.

This results in a very reliable, noise-free momentum indicator, especially reliable on high timeframes.

Further features include:

Auto Trendlines - Up-downtrend lines to show support, resistance and breakouts
Supertrend- A momentum (ATR based) version of the Supertrend.
Divergences - Bullish and bearish momentum divergences, with confirmation signals.

General Rules:

Bullish above 50
Bearish below 50

Enjoy!

MM