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Momentum: True Strength Index (TSI) #55

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cinar opened this issue Jan 26, 2022 · 1 comment · Fixed by #153
Closed

Momentum: True Strength Index (TSI) #55

cinar opened this issue Jan 26, 2022 · 1 comment · Fixed by #153
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enhancement New feature or request good first issue Good for newcomers

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cinar commented Jan 26, 2022

The true strength index (TSI) is a technical momentum oscillator used to identify trends and reversals. The indicator may be useful for determining overbought and oversold conditions, indicating potential trend direction changes via centerline or signal line crossovers, and warning of trend weakness through divergence.

https://www.investopedia.com/terms/t/tsi.asp
@cinar cinar added enhancement New feature or request good first issue Good for newcomers labels Jan 26, 2022
@cinar cinar self-assigned this Jun 10, 2024
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cinar commented Jun 10, 2024 •
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Indicator:

PCDS = Ema(13, Ema(25, (Current - Prior)))
APCDS = Ema(13, Ema(25, Abs(Current - Prior)))
TSI = (PCDS / APCDS) * 100

Strategy:

Signal Line = Ema(12, TSI)
When TSI > 0, TSI > Signal Line, Buy.
When TSI < 0, TSI < Signal Line, Sell.

@cinar cinar mentioned this issue Jun 10, 2024
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cinar added a commit that referenced this issue Jun 10, 2024
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True Strength Index (TSI) is added. (#153)
29f5bf6 
# Describe Request

True Strength Index (TSI) is added.

Fixed #55 

# Change Type

Momentum indicator.
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True Strength Index (TSI) is added. cinar/indicator
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