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.
great one. congrats and thank you. but i don't get why the indicator put a bullish rocket symbol and why not put a bearish one. do you mind if i ask whether it relates dsi in cryptostatistical's linear momentum indicator? thanks again.
UnderdogR
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@UnderdogR, probably one of the most underrated oscillator on tv. especially works great in HTF. one can grasp an alpha, if dives into it.