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/
ATR_Period |
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Default Value: 10 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
TSI_Period |
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Default Value: 100 | Minimum: 1 | Maximum: 9999 |
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Type: Numeric |
ShowTSI |
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Default Value: -1 |
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Type: Boolean |
ShowATR |
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Default Value: 0 |
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Type: Boolean |