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
period1 |
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Default Value: 25 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
period2 |
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Default Value: 13 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
ShowTSI |
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Default Value: -1 |
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Type: Boolean |