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SMI Ergodic Oscillator Backtest ver.2 The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - For purpose educate only
Pine Script®策略
由HPotter提供
2
SMI Ergodic Oscillator Strategy ver.2 The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - For purpose educate only
Pine Script®策略
由HPotter提供
SMI Ergodic Oscillator Backtest The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Pine Script®策略
由HPotter提供
SMI Ergodic Oscillator Strategy The SMI Ergodic Indicator is the same as the True Strength Index (TSI) developed by William Blau, except the SMI includes a signal line. The SMI uses double moving averages of price minus previous price over 2 time frames. The signal line, which is an EMA of the SMI, is plotted to help trigger trading signals. Adjustable guides are also given to fine tune these signals. The user may change the input (close), method (EMA), period lengths and guide values. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... WARNING: - This script to change bars colors.
Pine Script®指標
由HPotter提供
Ergotic TSI Strategy r - Length of first EMA smoothing of 1 day momentum s - Length of second EMA smoothing of 1 day smoothing u- Length of third EMA smoothing of 1 day momentum Length of EMA signal line This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Pine Script®指標
由HPotter提供
4
Ergotic TSI r - Length of first EMA smoothing of 1 day momentum s - Length of second EMA smoothing of 1 day smoothing u- Length of third EMA smoothing of 1 day momentum Length of EMA signal line This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Pine Script®指標
由HPotter提供
CT Reverse True Strength Indicator On ChartIntroducing the Caretakers “On Chart” Reverse True Strength Index. According to Wikipedia…. “The True Strength Index (TSI) is a technical indicator used in the analysis of financial markets that attempts to show both trend direction and overbought/oversold conditions. It was first published William Blau in 1991. The indicator uses moving averages of the underlying momentum of a financial instrument. Momentum is considered a leading indicator of price movements, and a moving average characteristically lags behind price. The TSI combines these characteristics to create an indication of price and direction more in sync with market turns than either momentum or moving average.” The TSI has a normal range of values between +100 and -100. Traditionally traders and analysts will consider: Positives values above 25 to indicate an “overbought” condition Negative values below -25 to indicate an “oversold” condition I have reverse engineered the True Strength Index formula to derive 2 new functions. 1) The reverse TSI function is dual purpose which can be used to calculate…. The chart price at which the TSI will reach a particular TSI scale value. The chart price at which the TSI will equal its previous value. 2) The reverse TSI signal cross function can be used to calculate the chart price at which the TSI will cross its signal line. I have employed these functions here to return the price levels where the True Strength Index would equal : Upper alert level ( default 25 ) Zero-Line Lower alert level ( default -25 ) Previous TSI (eq) value TSI signal line In this “On Chart” version of the reverse True Strength Index the crossover levels are displayed both as lines on the chart and via an optional info-box with choice of user selected info. Chart Line Colors Upper alert level... ( Fuchsia ) Zero-Line............ ( White ) Lower alert level... ( Aqua ) TSI (eq)...............( TSI (eq) > close..Orange, TSI (eq) < close..Lime ) TSI signal line........( Signal Cross Line > Close..Aqua, Signal Cross Line < Close..Fuchsia ) How to interpret the displayed prices returned from the TSI scale zero line and upper and lower alert levels. Closing exactly at the given price will cause the True Strength Index value to equal the scale value. Closing above the given price will cause the True Strength Index to cross above the scale value. Closing below the given price will cause the True Strength Index to cross below the scale value. How to interpret the displayed price returned from the TSI (eq) Closing exactly at the price will cause the True Strength Index value to equal the previous TSI value. Closing above the price will cause the True Strength Index value to increase. Closing below the price will cause the True Strength Index value to decrease. How to interpret the displayed price returned from the TSI signal line crossover. Closing exactly at the given price will cause the True Strength Index value to equal the signal line. Closing above the given price will cause the True Strength Index to cross above the signal line. Closing below the given price will cause the True Strength Index to cross below the signal line. Common methods to derive signals from the TSI : Zero-line crossovers When the CMO crosses above the zero-line, a buy signal is generated. When the CMO crosses below the zero-line, a sell signal is generated. “Overbought” and “Oversold” crossovers When the SMI crosses below -25 and then moves back above it, a buy signal is generated. When the SMI crosses above +25 and then moves back below it, a sell signal is generated. What Does the True Strength Index (TSI) Tell You? The indicator is primarily used to identify overbought and oversold conditions in an asset's price, spot divergence, identify trend direction and changes via the zero-line, and highlight short-term price momentum with signal line crossovers. Since the TSI is based on price movements, oversold and overbought levels will vary by the asset being traded. Some stocks may reach +30 and -30 before tending to see price reversals, while another stock may reverse near +20 and -20. Mark extreme TSI levels, on the asset being traded, to see where overbought and oversold is. Being oversold doesn't necessarily mean it is time to buy, and when an asset is overbought it doesn't necessarily mean it is time to sell. Traders will typically watch for other signals to trigger a trade decision. For example, they may wait for the price or TSI to start dropping before selling in overbought territory. Alternatively, they may wait for a signal line crossover. Signal Line Crossovers The true strength index has a signal line, which is usually a seven- to 13-period EMA of the TSI line. A signal line crossover occurs when the TSI line crosses the signal line. When the TSI crosses above the signal line from below, that may warrant a long position. When the TSI crosses below the signal line from above, that may warrant selling or short selling. Signal line crossovers occur frequently, so should be utilized only in conjunction with other signals from the TSI. For example, buy signals may be favoured when the TSI is above the zero-line. Or sell signals may be favoured when the TSI is in overbought territory. Zero-line Crossovers The zero-line crossover is another signal the TSI generates. Price momentum is positive when the indicator is above zero and negative when it is below zero. Some traders use the zero-line for a directional bias. For example, a trader may decide only to enter a long position if the indicator is above its zero-line. Conversely, the trader would be bearish and only consider short positions if the indicator's value is below zero. Breakouts and Divergence Traders can use support and resistance levels created by the true strength index to identify breakouts and price momentum shifts. For instance, if the indicator breaks below a trendline, the price may see continued selling. Divergence is another tool the TSI provides. If the price of an asset is moving higher, while the TSI is dropping, that is called bearish divergence and could result in a downside price move. If the TSI is rising while the price is falling, that could signal higher prices to come. This is called bullish divergence. Divergence is a poor timing signal, so it should only be used in conjunction with other signals generated by the TSI or other technical indicators. The Difference Between the True Strength Index (TSI) and the Moving Average Convergence Divergence (MACD) Indicator. The TSI is smoothing price changes to create a technical oscillator. The moving average convergence divergence (MACD) indicator is measuring the separation between two moving averages. Both indicators are used in similar ways for trading purposes, yet they are not calculated the same and will provide different signals at different times. The Limitations of Using the True Strength Index (TSI) Many of the signals provided by the TSI will be false signals. That means the price action will be different than expected following a trade signal. For example, during an uptrend, the TSI may cross below the zero-line several times, but then the price proceeds higher even though the TSI indicates momentum has shifted down. Signal line crossovers also occur so frequently that they may not provide a lot of trading benefit. Such signals need to be heavily filtered based on other elements of the indicator or through other forms of analysis. The TSI will also sometimes change direction without price changing direction, resulting in trade signals that look good on the TSI but continue to lose money based on price. Divergence also tends to unreliable on the indicator. Divergence can last so long that it provides little insight into when a reversal will actually occur. Also, divergence isn't always present when price reversals actually do occur. The TSI should only be used in conjunction with other forms of analysis, such as price action analysis and other technical indicators. This is not financial advice, use at your own risk.
Pine Script®指標
由The_Caretaker提供
1
CT Reverse True Strength IndicatorIntroducing the Caretakers Reverse True Strength Index. According to Wikipedia…. “The True Strength Index (TSI) is a technical indicator used in the analysis of financial markets that attempts to show both trend direction and overbought/oversold conditions. It was first published William Blau in 1991. The indicator uses moving averages of the underlying momentum of a financial instrument. Momentum is considered a leading indicator of price movements, and a moving average characteristically lags behind price. The TSI combines these characteristics to create an indication of price and direction more in sync with market turns than either momentum or moving average.” The TSI has a normal range of values between +100 and -100. Traditionally traders and analysts will consider: Positives values above 25 to indicate an “overbought” condition Negative values below -25 to indicate an “oversold” condition I have reverse engineered the True Strength Index formula to derive 2 new functions. The reverse TSI function is dual purpose which can be used to calculate…. The chart price at which the TSI will reach a particular TSI scale value. The chart price at which the TSI will equal its previous value. The reverse TSI signal cross function can be used to calculate the chart price at which the TSI will cross its signal line. I have employed these functions here to return the price levels where the True Strength Index would equal : Upper alert level ( default 25 ) Zero-Line Lower alert level ( default -25 ) Previous TSI (eq) value. TSI signal line These crossover levels are displayed via an optional info-box with choice of user selected info. How to interpret the displayed prices returned from the TSI scale zero line and upper and lower alert levels. Closing exactly at the given price will cause the True Strength Index value to equal the scale value. Closing above the given price will cause the True Strength Index to cross above the scale value. Closing below the given price will cause the True Strength Index to cross below the scale value. How to interpret the displayed price returned from the TSI (eq) Closing exactly at the price will cause the True Strength Index value to equal the previous TSI value. Closing above the price will cause the True Strength Index value to increase. Closing below the price will cause the True Strength Index value to decrease. How to interpret the displayed price returned from the TSI signal line crossover. Closing exactly at the given price will cause the True Strength Index value to equal the signal line. Closing above the given price will cause the True Strength Index to cross above the signal line. Closing below the given price will cause the True Strength Index to cross below the signal line. Common methods to derive signals from the TSI : Zero-line crossovers When the CMO crosses above the zero-line, a buy signal is generated. When the CMO crosses below the zero-line, a sell signal is generated. “Overbought” and “Oversold” crossover When the SMI crosses below -25 and then moves back above it, a buy signal is generated. When the SMI crosses above +25 and then moves back below it, a sell signal is generated. What Does the True Strength Index (TSI) Tell You? The indicator is primarily used to identify overbought and oversold conditions in an asset's price, spot divergence, identify trend direction and changes via the zero-line, and highlight short-term price momentum with signal line crossovers. Since the TSI is based on price movements, oversold and overbought levels will vary by the asset being traded. Some stocks may reach +30 and -30 before tending to see price reversals, while another stock may reverse near +20 and -20. Mark extreme TSI levels, on the asset being traded, to see where overbought and oversold is. Being oversold doesn't necessarily mean it is time to buy, and when an asset is overbought it doesn't necessarily mean it is time to sell. Traders will typically watch for other signals to trigger a trade decision. For example, they may wait for the price or TSI to start dropping before selling in overbought territory. Alternatively, they may wait for a signal line crossover. Signal Line Crossovers The true strength index has a signal line, which is usually a seven- to 13-period EMA of the TSI line. A signal line crossover occurs when the TSI line crosses the signal line. When the TSI crosses above the signal line from below, that may warrant a long position. When the TSI crosses below the signal line from above, that may warrant selling or short selling. Signal line crossovers occur frequently, so should be utilized only in conjunction with other signals from the TSI. For example, buy signals may be favoured when the TSI is above the zero-line. Or sell signals may be favoured when the TSI is in overbought territory. Zero-line Crossovers The zero-line crossover is another signal the TSI generates. Price momentum is positive when the indicator is above zero and negative when it is below zero. Some traders use the zero-line for a directional bias. For example, a trader may decide only to enter a long position if the indicator is above its zero-line. Conversely, the trader would be bearish and only consider short positions if the indicator's value is below zero. Breakouts and Divergence Traders can use support and resistance levels created by the true strength index to identify breakouts and price momentum shifts. For instance, if the indicator breaks below a trendline, the price may see continued selling. Divergence is another tool the TSI provides. If the price of an asset is moving higher, while the TSI is dropping, that is called bearish divergence and could result in a downside price move. If the TSI is rising while the price is falling, that could signal higher prices to come. This is called bullish divergence. Divergence is a poor timing signal, so it should only be used in conjunction with other signals generated by the TSI or other technical indicators. The Difference Between the True Strength Index (TSI) and the Moving Average Convergence Divergence (MACD) Indicator. The TSI is smoothing price changes to create a technical oscillator. The moving average convergence divergence (MACD) indicator is measuring the separation between two moving averages. Both indicators are used in similar ways for trading purposes, yet they are not calculated the same and will provide different signals at different times. The Limitations of Using the True Strength Index (TSI) Many of the signals provided by the TSI will be false signals. That means the price action will be different than expected following a trade signal. For example, during an uptrend, the TSI may cross below the zero-line several times, but then the price proceeds higher even though the TSI indicates momentum has shifted down. Signal line crossovers also occur so frequently that they may not provide a lot of trading benefit. Such signals need to be heavily filtered based on other elements of the indicator or through other forms of analysis. The TSI will also sometimes change direction without price changing direction, resulting in trade signals that look good on the TSI but continue to lose money based on price. Divergence also tends to unreliable on the indicator. Divergence can last so long that it provides little insight into when a reversal will actually occur. Also, divergence isn't always present when price reversals actually do occur. The TSI should only be used in conjunction with other forms of analysis, such as price action analysis and other technical indicators. This is not financial advice, use at your own risk.
Pine Script®指標
由The_Caretaker提供
20
True Strength [PINESCRIPTLABS]This indicator is an implementation of the "True Strength Index" (TSI) developed by PINE_LABS for the Pine Script trading platform on TradingView. The True Strength Index is a technical indicator used to measure the strength and direction of a trend in a financial asset. Here's an explanation of how this particular indicator works: Buy Signal: A buy signal is generated when the value of the True Strength Index (TSI) falls at or below the specified buy_tsi_value. This indicates a potential buying opportunity as the TSI suggests that the asset might be oversold or experiencing a potential reversal. When this condition is met, a green triangle shape is plotted below the corresponding price bar, indicating a potential buy signal. Sell Signal: Conversely, a sell signal is generated when the value of the TSI rises to or above the specified sell_tsi_value. This implies a potential selling opportunity as the TSI indicates that the asset might be overbought or facing a possible reversal. When this condition is met, a red triangle shape is plotted above the corresponding price bar, indicating a potential sell signal. Note: When we observe that the value of TSI (blue line) crosses above our parameter called TSI Sell (red Plot) it will open a sell operation, and on the contrary when our TSI (blue line) crosses below our TSI parameter ( Green Plot) will open a buy trade. Este indicador es una implementación del "True Strength Index" (TSI) desarrollada por PINE_LABS para la plataforma de trading de Pine Script en TradingView. El True Strength Index es un indicador técnico que se utiliza para medir la fuerza y la dirección de una tendencia en un activo financiero. Aquí hay una explicación de cómo funciona este indicador en particular: Señal de Compra: Una señal de compra se genera cuando el valor del Índice de Fuerza Verdadera (TSI) cae igual o por debajo del valor especificado en buy_tsi_value. Esto indica una posible oportunidad de compra, ya que el TSI sugiere que el activo podría estar sobrevendido o experimentando una reversión potencial. Cuando se cumple esta condición, se traza un triángulo verde debajo de la barra de precios correspondiente, indicando una posible señal de compra. Señal de Venta: Por otro lado, se genera una señal de venta cuando el valor del TSI sube igual o por encima del valor especificado en sell_tsi_value. Esto implica una posible oportunidad de venta, ya que el TSI indica que el activo podría estar sobrecomprado o enfrentando una posible reversión. Cuando se cumple esta condición, se traza un triángulo rojo encima de la barra de precios correspondiente, indicando una posible señal de venta. Nota: Cuando observamos que el valor de TSI ( linea azul) , cruza por arriba de nuestro parámetro llamado TSI Sell ( Plot rojo) abrirá una operacion de venta, y por el contrario cuando nuestro TSI ( linea azul) cruza por abajo de nuestro parámetro TSI ( Plot Verde) abrirá una operacion de compra.
Pine Script®指標
由PINE_LABS提供
1
True Strength Index with Buy/Sell Signals and AlertsThe True Strength Index (TSI) is a momentum oscillator that helps traders identify trends and potential reversal points in the market. Here’s how it works: 1. **Price Change Calculation**: - **`pc = ta.change(price)`**: This calculates the change in price (current price minus the previous price). 2. **Double Smoothing**: - **`double_smooth(src, long, short)`**: This function smooths the price change data twice using two Exponential Moving Averages (EMAs): - The first EMA smooths the raw data. - The second EMA smooths the result of the first EMA. - **`double_smoothed_pc`**: The double-smoothed price change. - **`double_smoothed_abs_pc`**: The double-smoothed absolute price change, which helps normalize the TSI value. 3. **TSI Calculation**: - **`tsi_value = 100 * (double_smoothed_pc / double_smoothed_abs_pc)`**: This calculates the TSI by dividing the double-smoothed price change by the double-smoothed absolute price change, then multiplying by 100 to scale the value. - The TSI oscillates around the zero line, indicating momentum. Positive values suggest bullish momentum, while negative values suggest bearish momentum. 4. **Signal Line**: - **`signal_line = ta.ema(tsi_value, signal)`**: This creates a signal line by applying another EMA to the TSI value. The signal line is typically used to identify entry and exit points. 5. **Buy and Sell Signals**: - **Buy Signal**: Occurs when the TSI crosses above the signal line (`ta.crossover(tsi_value, signal_line)`), indicating that bullish momentum is strengthening, which might suggest a buying opportunity. - **Sell Signal**: Occurs when the TSI crosses below the signal line (`ta.crossunder(tsi_value, signal_line)`), indicating that bearish momentum is strengthening, which might suggest a selling opportunity. 6. **Visual Representation**: - The TSI line and the signal line are plotted on the chart. - Buy signals are marked with green "BUY" labels below the bars, and sell signals are marked with red "SELL" labels above the bars. **How to Use It**: - **Trend Identification**: When the TSI is above zero, it suggests an uptrend; when it's below zero, it suggests a downtrend. - **Buy/Sell Signals**: Traders often enter a buy trade when the TSI crosses above the signal line and enter a sell trade when the TSI crosses below the signal line. - **Divergences**: TSI can also be used to spot divergences between the indicator and price action, which can signal potential reversals. The TSI is particularly useful in identifying the strength of a trend and the potential turning points, making it valuable for trend-following and swing trading strategies.
Pine Script®指標
由LuxmiAI提供
3
True Strength Index with Zones & AlertsKey Features: True Strength Index (TSI) Calculation Uses double-smoothed exponential moving averages (EMA) to calculate TSI. A signal line (EMA of TSI) helps confirm trends. Dynamic Color Coding for TSI Line Green: TSI is above the signal line (Bullish). Red: TSI is below the signal line (Bearish). Crossover & Crossunder Signals Bullish Crossover (TSI crosses above Signal Line) → Green Circle. Bearish Crossunder (TSI crosses below Signal Line) → Red Circle. Alerts for Trading Signals Buy Alert: TSI crosses above the signal line. Sell Alert: TSI crosses below the signal line. Overbought & Oversold Zones Overbought: Between 40 and 50 (Red Zone). Oversold: Between -40 and -50 (Green Zone). Highlighted Background when TSI enters these zones. Neutral Line at 0 Helps determine trend direction and momentum shifts. How to Use These Values: • TSI Crosses Above Signal Line → Bullish entry. • TSI Crosses Below Signal Line → Bearish entry. • Overbought (+40 to +50) & Oversold (-40 to -50) zones → Watch for trend reversals. • Divergence Signals → If price makes a new high/low but TSI doesn’t, momentum is weakening.
Pine Script®指標
由RMPM提供