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.
BTCe shows only 3 oversold conditions so far, the last one being just days ago.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// // @author LazyBear // @credits http://en.wikipedia.org/wiki/True_strength_index // study(title = "True Strength Index [LazyBear]", shorttitle="LB_TSI", overlay=false) r=input(25, title="Momentum Smoothing 1") s=input(13, title="Momentum Smoothing 2") src=close m=src-src[1] tsi=100*(ema(ema(m,r),s)/ema(ema(abs(m), r),s)) ul=hline(25) ll=hline(-25) fill(ul,ll) plot(tsi, color=red)