Trend Strength Index Long Strategy

📈 Trend Strength Index Long Strategy

This strategy combines the Trend Strength Index (TSI) with a Volume-Weighted Moving Average (VWMA) to identify high-probability long entries based on trend momentum and price confirmation.

• 📊 TSI Calculation: Measures correlation between price and time (bar index) over a user-defined period. Strong TSI values indicate trend momentum.
  
• 📏 VWMA Filter: Confirms bullish bias when price is above the VWMA.
  
• 🚀 Entry Condition: Long position is triggered when TSI crosses above -0.65 and price is above VWMA.
  
• 🔒 Exit Condition: Position is closed when TSI crosses above 0.65.
  
• 🎨 Visuals: Gradient fills highlight bullish and bearish zones. VWMA is plotted for trend context.
  

• 🧮 TSI Length: Adjustable (default 14)
  
• 📐 VWMA Length: Adjustable (default 55)
  
• 💸 Commission: 0.1% per trade
  
• 📊 Position Size: 75% of equity
  
• ⚙️ Slippage: 10 ticks
  

✅ Best used in trending markets with steady momentum.
⚠️ Avoid in choppy or range-bound conditions.