True Strength Index
Posted: Tue Jul 12, 2016 6:15 am
Under the Parameters tab
LongL Double 25 5 100
Short L Double 13 2 100
SignalL Double 8 2 100
here is the rest of the formula
diff:= close - Ref(close,1);
doubleSmoothedAbsDiff:= EMA( EMA( Abs(diff), longL), shortL);
TSI: if (doubleSmoothedAbsDiff == 0 ,0,
(( EMA( EMA( diff, longL), shortL)) / doubleSmoothedAbsDiff)*100),Colorstick;
FillRgn(TSI>0,0,TSI),Brush#50008000;
FillRgn(TSI<0,0,TSI),Brush#50800000;
Signal: EMA( TSI, signalL),Width2,ColorBlue;
UZ :MA(TSI, 30) + (1.3185 * StD (TSI, 30)),Width2,ColorViolet;
LZ: MA(TSI, 30) - (1.3185 * StD (TSI, 30)),Width2,ColorViolet;
ZeroLine : 0,ColorBlack;
LongL Double 25 5 100
Short L Double 13 2 100
SignalL Double 8 2 100
here is the rest of the formula
diff:= close - Ref(close,1);
doubleSmoothedAbsDiff:= EMA( EMA( Abs(diff), longL), shortL);
TSI: if (doubleSmoothedAbsDiff == 0 ,0,
(( EMA( EMA( diff, longL), shortL)) / doubleSmoothedAbsDiff)*100),Colorstick;
FillRgn(TSI>0,0,TSI),Brush#50008000;
FillRgn(TSI<0,0,TSI),Brush#50800000;
Signal: EMA( TSI, signalL),Width2,ColorBlue;
UZ :MA(TSI, 30) + (1.3185 * StD (TSI, 30)),Width2,ColorViolet;
LZ: MA(TSI, 30) - (1.3185 * StD (TSI, 30)),Width2,ColorViolet;
ZeroLine : 0,ColorBlack;