OPEN-SOURCE SCRIPT
Linear TSI
True Strength Index (TSI) by William Blau
Here I suggest to calculate it in the linear way as it make it more smooth and acurate
buy and sell can be from -0.8 to 0.8 , can be by cross up of zero or cross down of zero
can be by slope difference as seen in color lime vs color red
one can add sma and cross or any option you think
So this nice improve to this indicator as linear line are much more smooth the regular TSI and we can get sharper signals
Here I suggest to calculate it in the linear way as it make it more smooth and acurate
buy and sell can be from -0.8 to 0.8 , can be by cross up of zero or cross down of zero
can be by slope difference as seen in color lime vs color red
one can add sma and cross or any option you think
So this nice improve to this indicator as linear line are much more smooth the regular TSI and we can get sharper signals
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.