Trend Shift Indicator v2.0 [Bradford Fournier]
TSI v2.0-- Early Trend Shift Indicator Version 2.0
PURPOSE: This indicator detects early changes in trends and provides confirmation
TSI aims to do the following simultaneously:
SIGNALS
EARLY SELL: Green peaked and decreasing
SELL: GREEN TO RED
(STRONG SELL: TSI peaked and crossunder "overbought input(180)")
BUY: RED TO GREEN
NOTE: Version 1 is still operative and updated. This is simply an alternative version for those who prefer it. SEE CHANGES BELOW
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VERSION 2 CHANGES:
PURPOSE: This indicator detects early changes in trends and provides confirmation
TSI aims to do the following simultaneously:
- detect trend changes early
- provide a means of trend confirmation -- while still being early in the cycle change
- provide an early indication of trend changing away from positive.
SIGNALS
EARLY SELL: Green peaked and decreasing
SELL: GREEN TO RED
(STRONG SELL: TSI peaked and crossunder "overbought input(180)")
BUY: RED TO GREEN
NOTE: Version 1 is still operative and updated. This is simply an alternative version for those who prefer it. SEE CHANGES BELOW
-----------------
VERSION 2 CHANGES:
- Earlier reversal indications.
- Dynamic risk range. (yellow filler)
[*}Overlay for signal confirmation
リリースノート:
1. Minor changes to overbought signal.
2. +/- 5 min of open close not filled by indicator.
Default moving average for signal line changed.
2. +/- 5 min of open close not filled by indicator.
Default moving average for signal line changed.
リリースノート:
Updated to give user more control over the smoothing of signal line.
Updated to give maximum values at different loo-back periods.
Updated to give maximum values at different loo-back periods.
リリースノート:
Added adaptable TSI high values.
Added conservative sell signals (should execute about 1 or 2 per view period.
Added conservative sell signals (should execute about 1 or 2 per view period.
リリースノート:
Fewer false positives.
Default length updated
Default length updated
