Trend Intensity IndexTrend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
Intensity
Donchian Channel Trend Intensity [DW]This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.
Custom bar colors included with two coloring methods to choose from.
Trend Intensity Index [DW]This study is a simple variation of M. H. Pee's Trend Intensity Index that includes two signal lines rather than one for additional trend confirmation.
