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Trend Intensity

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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.
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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)
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