stockfetcher
980 posts
msg #33597 |
10/18/2004 1:41:39 PM
| True Strength Index (TSI) |
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| Parameters |
Period
Smoothing Period
Smoothing Signal Period
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| Usage |
TSI(25,13,9)
Smoothed TSI(25,13,9)
TSI Histogram(25,13,9)
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| Description |
The TSI is a momentum indicator devloped by William Blau. The TSI first creates a double EMA of the difference between the daily closing values. This value is divided by the double-smoothed absolute difference of the daily closing values. The raw signal is accompanied by a smoothed version and a histogram illustrating the difference between the two values.
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| Examples |
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