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RexDogActual

True Strength Indicator Weekly

RexDogActual  
Trend Analysis TSI
49
4
trendanalysis tsi
The True Strength Indicator Weekly is designed to help you identify trend and BIAS in the market based on the Weekly timeframe regardless of chart. Timeframe can be modified.

This indicator provides both long and short signals as well as color coding market direction bias.

There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals.

Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets.


  • Upward triangle with L represents Long signal.
  • Downward triangle with S represents Short signal
  • Green background represents bull bias
  • Red background represents bear bias
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Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact RexDogActual for more information, or follow the author's instructions below.

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Disclaimer

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