True Strength Indicator Weekly

The True Strength Indicator Weekly is designed to help you identify trend and BIAS in the market based on the Weekly timeframe regardless of chart. Timeframe can be modified.

This indicator provides both long and short signals as well as color coding market direction bias.

There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals.

Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets.

  • Upward triangle with L represents Long signal.
  • Downward triangle with S represents Short signal
  • Green background represents bull bias
  • Red background represents bear bias
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact xkavalis for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.

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