This is TSI and CCI combined. The CCI is customized and is using HullMA, but the TSI is default TSI
For use with the HMAv420 indicator, to form trading strategy based on the 3 indicators.
Best as all 3 indicators used on 3 timeframes at once, ie 1m 5m 1H
The TSI MACD indicator is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators.
The TSI MACD indicator is a momentum indicator, considering that it comes from two momentum indicators.
Ultimately, the TSI MACD indicator is used to gauge the strength of a trend, as well as its accompanying...
// Acknowledgements:
// Original Godmode Authors:
// @Legion, @LazyBear, @Ni6HTH4wK, @xSilas
// Drop a line if you use or modify this code.
// Godmode 3.1.4: @SNOW_CITY
// Godmode 3.2: @sco77m4r7in and @oh92
// Godmode3.2+LSMA: @scilentor
// Godmode 4.0.0-4.0.1: @chrysopoetics
// Jurik Moving Average: @everget
// Minimal...
This indicator tries to help you conclude bullish or bearing trends by showing
if the price trend is stronger or weaker than short EMA , compared to a long EMA reference which is zero line.
For now please do not use it below 15 min timeframes.
This script offers an SMI index of VIX, SPY, and NDX. Rather than overlaying VIX, NDX and SPY on the same chart.
It's much easier to see the correlation between VIX's price and NDX / SPY price in this manner.
Thanks to Buckkets & William Blau for the TSI smoothing method.
Chart based on True Strength Indicator
It was improved to show same information as Squeeze Momentum Indicator by LazyBear,
but it seems to have better and quicker response to changes and was tested on Bitcoin mainly.
Enjoy it!
BITFINEX:BTCUSD
This is the base Tradingview TSI indicator but with the WMA (weighted moving average) versus the base EMA. CME_MINI:ES1! CME_MINI:NQ1! CBOT_MINI:YM1! CME:E61!
Here is an example of a script showing a multi-time frame of TSI.
Chart below compares FX EURUSD Daily TSI to 1H TSI
Here is an updated version
study("True Strength Indicator MTF", shorttitle="TSI MTF")
resCustom = input(title="Timeframe", type=resolution, defval="60" )
long = input(title="Long Length", type=integer, defval=25)
short = input(title="Short...
TSI is a "double smoothed" indicator. It is used just like RSI. Overbought and oversold levels differ. They are marked by the indicator.
BTCe shows only 3 oversold conditions so far, the last one being just days ago.
