Extra indicators
TSI: True Strength Index
A doubly smoothed momentum oscillator that shows the trend's strength with little noise.
Die Idee in einfachen Worten
The candle-to-candle change is smoothed twice with EMAs and divided by the equally smoothed size of the changes, giving a calm line between −100 and +100.
So wird gerechnet
Smooth the price change with EMA(25) then EMA(13); do the same with the absolute change; divide and multiply by 100. The signal line is an EMA(13) of TSI.
TSI = 100 × EMA(EMA(Δclose, 25), 13) ÷ EMA(EMA(|Δclose|, 25), 13)
Signal = EMA(TSI, 13)Anwendung
- TSI crossing its signal line.
- Zero line: above it buyers dominate.
Schlüsse ziehen
- Readings beyond ±25 are often called strong; the exact levels vary by ticker.
Beispiel
EURUSD daily: TSI crosses above its signal line at −18 after a long decline; a first sign that selling pressure is fading.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- Double smoothing means late signals at sharp turns.
Ein wenig Geschichte
Developed by William Blau and published in 1991.
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.