change the settings to make it profitable.. default settings not apply to any instrument in-particular.. dont be afraid to try different settings to find profitable combo of settings on your chosen crypto/FX/stock etc.. to avoid repaint wait for next candle before confirm signal..
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
Trend Shift Indicator Strategy
This strategy provides a means for testing the underlying algorithm contained in
Default is set such that the input is simple buy/sell, all/nothing, 1/0 shares.
I'm always happy to answer any questions you have (see contact information in my profile: www.tradingview.com
Any feedback is appreciated . Please let...
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...
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...
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...
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...
r - Length of first EMA smoothing of 1 day momentum 4
s - Length of second EMA smoothing of 1 day smoothing 8
u- Length of third EMA smoothing of 1 day momentum 6
Length of EMA signal line 3
Source of Ergotic TSI Close
This is one of the techniques described by...
Quad-HullMA-cross & VWMA & MacD & TSI combination
Version 4.20
added script for strategy settings to be already correct when strategy loads onto chart:
calc_on_order_fills= true, calc_on_every_tick=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, pyramiding=0
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...
