[BlockPandas]Trend Strength Index
This is a oscillator indicator focused on identifying trend.
Usage:
The TS(Trend Strength) line indicate the strength of a trend.
The SIG(Signal) line is the smoothed average of TS line.
When Trend Strength line is above 0, it means a trend emerges. The higher the line is, the stronger trend is.
When Trend Strength line is below 0 or struggling around 0, it means it's ranging now.
The Histogram is another visual representation of Trend Strength.
When Hist is DARK GREEN, it suggests that it is a Uptrend, when Hist is LIGHT GREEN, it suggests that MAYBE there is a bearish reversal.
Vise vera, when Hist is DARK RED, it suggests that it is a downtrend, when Hist is LIGHT RED, it suggests that MAYBE there is a bullish reversal.
Usage:
The TS(Trend Strength) line indicate the strength of a trend.
The SIG(Signal) line is the smoothed average of TS line.
When Trend Strength line is above 0, it means a trend emerges. The higher the line is, the stronger trend is.
When Trend Strength line is below 0 or struggling around 0, it means it's ranging now.
The Histogram is another visual representation of Trend Strength.
When Hist is DARK GREEN, it suggests that it is a Uptrend, when Hist is LIGHT GREEN, it suggests that MAYBE there is a bearish reversal.
Vise vera, when Hist is DARK RED, it suggests that it is a downtrend, when Hist is LIGHT RED, it suggests that MAYBE there is a bullish reversal.