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TSI

Godmode 4.0.1 [Correlator]First off, a huge thank you to the following people: @LEGION: @LazyBear: www.tradingview.com @xSilas: www.tradingview.com @Ni6HTH4awK: www.tradingview.com @sco77m4r7and: @SNOW_CITY: www.tradingview.com @oh92: www.tradingview.com @alexgrover: www.tradingview.com @cI8DH: www.tradingview.com @DonovanWall: www.tradingview.com This is my second iteration of Godmode. This time I allowed the possibility to correlate two benchmarks against one another, thereby giving you twice the signals (once there's a strong correlation between the two, inverse or otherwise). That aside, there are no changes to this indicator that the first iteration doesn't have: There are still more iterations planned, but if you guys have any ideas or wishes regarding what direction I go, then please let me know. Want to Learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources as well as any other scripts I publish. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Pine Script™ indicator
by chrysopoetics
2
ck - MultiCross with Alerts (HMA, TSI, MACD & VWMA)Hello again everyone! I hope you enjoy this "Multicross" Indicator. Feature packed indicator with Alerts, that includes: Double Hull MAs (fast and slow) TSI (fast, slow, Long trigger & Short triggers definable) VWMA MACD (fast and slow) Visual output plots line crosses from the indicators and provides visual Long and Short triangles and Alerts for bot users! Enjoy! Special thanks to Magnus Söderberg for the idea behind this.
Pine Script™ indicator
by ChrisKaye
1
NAVI'S PERFECT TSIThe NAVI'S PERFECT TSI Indicator is the same as the True Strength Index (TSI) developed by NAVI, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Pine Script™ indicator
by NaviGurjar
7
Trader Set - Ergodic MomentumThis is a price momentum indicator that is based on Ergodic formula (TSI), but the formula is tweaked and different types of averaging is allowed. by changing the type of average calculation and some predefined values (totally different from what is suggested by now) we get a nasty indicator that can easily be used both for cycle observation side by side with momentum of the price itself ! Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
Pine Script™ indicator
by CAB_Member
6
🥢Crypto-Sticks: True Strength Index 1.0 by Cryptorthyhms🥢 Crypto-Sticks™ True Strength Index A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites! 🚀 Indicator Specific Info Signal Line can be configured in options, but I personally prefer heiken candles to the signal line. ⛔Please remember that you may have to adjust the overbought and oversold levels to suit the volatility of the instrument you are working with. In the future I will implement a feature that does this automatically, but for now its manual. The OB/OS zones are given in two levels, because often you can find a line of best fit that will hit "small movements" and one that will hit "big movements." In this case I chose 25 and -25 for the small zones. For the bigger zones I chose 50 and -50. Heiken Ashi candles adds some more clear trend changing points which can be executed at the second candle going in either direction. Other coins/charts will require their own strategy - you could potentially have to tweak that parameter. In this example you would enter on 2nd green, exit on 2nd red. Here is the Heiken Ashi example: Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. On this particular indicator it adds alot -1.51% more noise, and I dont particularly care for it, but YMMV. Example of what I mean: 💭Please leave me any ideas or feedback you have! 🚫If you use volume weighting you should be on heiken candles. 🚀 Crypto-Sticks General Info 🚧This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on). 📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. I recommend using the indicator on this setting. 🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. 👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. 💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Pine Script™ indicator
by theheirophant
2
SMI Ergodic Oscillator Strategy The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - This script to change bars colors.
Pine Script™ indicator
by HPotter
True Strength Indicator MTFHere is an example of a script showing a multi-time frame of TSI. Chart below compares FX EURUSD Daily TSI to 1H TSI Here is an updated version study("True Strength Indicator MTF", shorttitle="TSI MTF") resCustom = input(title="Timeframe", type=resolution, defval="60" ) long = input(title="Long Length", type=integer, defval=25) short = input(title="Short Length", type=integer, defval=13) signal = input(title="Signal Length", type=integer, defval=13) price = close double_smooth(src, long, short) => fist_smooth = ema(src, long) ema(fist_smooth, short) pc = change(price) double_smoothed_pc = double_smooth(pc, long, short) double_smoothed_abs_pc = double_smooth(abs(pc), long, short) tsi_value = 100 * (double_smoothed_pc / double_smoothed_abs_pc) tsi = security(tickerid, resCustom,tsi_value) plot(tsi, color=black) plot(ema(tsi, signal), color=red) hline(0, title="Zero")
Pine Script™ indicator
by QuantitativeExhaustion
13
Ergotic TSI Strategy r - Length of first EMA smoothing of 1 day momentum s - Length of second EMA smoothing of 1 day smoothing u- Length of third EMA smoothing of 1 day momentum Length of EMA signal line This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Pine Script™ indicator
by HPotter
4