True Strength Index - TSI

TrueStrengthIndex

Function Name: TrueStrengthIndex

Tags: None

Category: Momentum

A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions.

 

Parameters:

period1: Period of the first EMA pass.

period2: Period of the second EMA pass.

 

 

Link: http://www.investopedia.com/terms/t/tsi.asp#ixzz1b7TXrvdy

 

Parameters

period1

 

Default Value: 25  |  Minimum: 2  |  Maximum: 9999

 

Type: Numeric

period2

 

Default Value: 13  |  Minimum: 2  |  Maximum: 9999

 

Type: Numeric

ShowTSI

 

Default Value: -1

 

Type: Boolean