-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator. -Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line. -This...
This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend...
This script is adapted from TKP's long/short indicator to initiate buy/sell indications when price crosses the T3 moving averages, and when the T3's themselves cross. Bars change colors based on price over/under T3 and T3 up or down or This allows for simple visual analysis of trend direction along with entries, exits, and stop loss values.
By combining the true strength of the Nasdaq (NDX) and S&P500 (SPY) we can then compare that against the volatility /fear index (VIX). The true strength of the Volatility Index (VIX) is shown by the red area and the Nasdaq (NDX) and S&P500 (SPY) by the silver/teal areas. The yellow EMA line shows the average difference between the VIX and the NDX/SPY indexes....
This is a modified version of @SeaSide420 TSI CCI Hull with profits exit on long and short order with alert as well original script : the strategy script: /// feel free to edit/improve and comment
Hello, This is Forex Buy and Sell indicator, Signal line cross up blue line = Buy, cross down = Sell Above Yellow line = Uptrend, Looking for Buy only, vice versa. Only works on Major Pairs. Calculate price strength and momentum. Hope you guys like it. Cheers
A better way to trade major pairs. Similar to RSI CSI, with less noise and real price action movement. Some explanation. Set thickness of "Color 0" from each currency to know the strength. Use on 30m timeframe and above to see the power of each currency. Suggestion : Set timeframe 30m for 1h play (your timeframe : 2), so you can get early signal. Always...
EN:The True Strength Index, reinforced using Linear Regression Curve. The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0. Momentum is positive when the oscillator is positive (pointing to a bullish market bias) and vice versa. It was developed William Blau and consists of 2 lines: the index...
This script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the...
This is based on the original TSI Indicator that's already built in. The PC is originally taken as the change between the current price - the previous price. I substituted that with Rate of Change. Using a 1 period ROC it's quite similar to the TSI Indicator and increasing the length results in a smoother TSI. I hope it helps, Andre
I was playing around with the TSI-MACD and surprisingly it works quite well as a mirror. There are 2 ways this can be used 1. Enter long when Blue line crosses up the Red 2. Exit long when Green line crosses the blue or 1. Enter long when Blue line crosses up the Red 2. Exit long when Blue line crosses back down below the Red
This is TSI and CCI combined. The CCI is customized and is using HullMA, but the TSI is default TSI For use with the HMAv420 indicator, to form trading strategy based on the 3 indicators. Best as all 3 indicators used on 3 timeframes at once, ie 1m 5m 1H
The TSI MACD indicator is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators. The TSI MACD indicator is a momentum indicator, considering that it comes from two momentum indicators. Ultimately, the TSI MACD indicator is used to gauge the strength of a trend, as well as its accompanying...
This indicator combines a standard RSI with a modified TSI. Although a double smoothing process is already used in calculating the normal TSI, we decided to apply a volume weighted moving average of length (length_of_slow_TSI_EMA // 2) to it. This resulted in a smoother TSI that picked up on large-scale swings very nicely. Entry Signals are generated when the...
This script represents Momentum's move in the RSI , So we expect to start moving faster than RSI and in this oscillator When the line of histogram is under the neutral zone and it's color changes from red to maroon, The BUY Signal has been issued / When the line of histogram is above the neutral zone and it's color changes from lime to green, The SELL Signal has...
Here is the Super TSI. An indicator to use for bias (bull/bear) in addition for entry and possible exit signals. The Super True Strength Index is only available to members in my private training. The Super TSI takes 4 measures the strength in 4 different timeframes. It's designed to be used on either a Weekly, Daily, 4HR, or 1HR chart. If you are in my...