PROTECTED SOURCE SCRIPT
DSI - Dynamic Strength Index
The DSI is a volume weighted momentum indicator similar but superior to the traditional RSI.
The DSI algorithm takes values for RSI, MFI, OBV and stochastics, then gives them each a different weighting depending on their historic reliability in different market conditions, and then averages out the values.
This results in a very reliable, noise-free momentum indicator, especially reliable on high timeframes.
Further features include:
Auto Trendlines - Up-downtrend lines to show support, resistance and breakouts
Supertrend- A momentum (ATR based) version of the Supertrend.
Divergences - Bullish and bearish momentum divergences, with confirmation signals.
General Rules:
Bullish above 50
Bearish below 50
Enjoy!
MM
The DSI algorithm takes values for RSI, MFI, OBV and stochastics, then gives them each a different weighting depending on their historic reliability in different market conditions, and then averages out the values.
This results in a very reliable, noise-free momentum indicator, especially reliable on high timeframes.
Further features include:
Auto Trendlines - Up-downtrend lines to show support, resistance and breakouts
Supertrend- A momentum (ATR based) version of the Supertrend.
Divergences - Bullish and bearish momentum divergences, with confirmation signals.
General Rules:
Bullish above 50
Bearish below 50
Enjoy!
MM
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.