Trend Strength Index - TSI

TrendStrengthIndex

Function Name: TrendStrengthIndex

Tags: None

Category: Trend

TSI is an indicator designed to identify true trend strength. A high TSI value indicates that short-term trend continuation (=follow through)

is more likely than short-term trend reversal (=mean reversion), e.g. NASDAQ100 stocks with a value of greater than 1.65 indicate a healthy trend environment.

The creator of TSI is Frank Hassler from Engineering Returns in cooperation with David Varadi from CSS Analytics.

 

Parameters:

ATR_Period: The period on which the Ratio value is calculated and averaged.

TSI_Period: The period on which the resulting average is averaged.

 

Link: http://engineering-returns.com/tsi/

 

Parameters

ATR_Period

 

Default Value: 10  |  Minimum: 2  |  Maximum: 9999

 

Type: Numeric

TSI_Period

 

Default Value: 100  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

ShowTSI

 

Default Value: -1

 

Type: Boolean

ShowATR

 

Default Value: 0

 

Type: Boolean