This 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...
True Strength Index, but Exponential Moving Average taken out and replaced with Hull Moving Average
increase the values for increased timeframes i found good on 1hour chart 700,700,700 (instead of 420)
this is the indicator version, hopefully Alert friendly with each plot named
🥢 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...
This indicator is based on true strength indicator with wave trend oscillator.
Disclaimer: All the signals it is giving is based on the market movements only. I am not responsible for your PNL if you follow this indicator.
*Caution: Beta version
Chart based on True Strength Indicator
It was improved to show same information as Squeeze Momentum Indicator by LazyBear,
but it seems to have better and quicker response to changes and was tested on Bitcoin mainly.
Enjoy it!
BITFINEX:BTCUSD
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...
A simple modification of the normal TSI indicator. It adds Bollinger Bands that are based on the TSI values, instead of the price history.
I find this indicator useful on the weekly interval.
Here 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...
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...
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...
