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True Strength Indicator Weekly
The True Strength Indicator Weekly is designed to help you identify trend and BIAS in the market based on the Weekly timeframe regardless of chart. Timeframe can be modified.
This indicator provides both long and short signals as well as color coding market direction bias.
There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals.
Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets.
This indicator provides both long and short signals as well as color coding market direction bias.
There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals.
Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets.
- Upward triangle with L represents Long signal.
- Downward triangle with S represents Short signal
- Green background represents bull bias
- Red background represents bear bias
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