Trend Intensity — Indicator by tr4ever

The Trend Intensity indicator measures the strength of the trend. Trend intensity tells us whether we are in an up or downtrend.

Ex:
A TI value of 150 means that the 7 day moving average is currently 50% above the 65 day moving average. This tells us that prices were moving up quickly in recent history.
A TI value of 80 tells us that the 7 day moving average is currently 20% below the 65 day moving average. This tells us that prices were moving down in recent history.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

study(title = "Trend Intensity", shorttitle="TI", overlay=true)
src = close

len = input(7, minval=1, title="Length")
smma = na(smma[1]) ? sma(src, len) : (smma[1] * (len - 1) + src) / len
plot(smma, color=red)

lenn = input(65, minval=1, title="Length")
smmaa = na(smmaa[1]) ? sma(src, lenn) : (smmaa[1] * (lenn - 1) + src) / lenn
plot(smmaa, color=green)

TI = smma/smmaa * 100
plot(TI, color=blue)