Bjorgum

Bjorgum TSI Arrows


This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.

Multiple script overlays can be used for "Multi-timeframe analysis" by altering the "resolution" feature.

eg: Viewer could enable 2 "Arrow" scripts while watching the daily timeframe , and setting one of them to indicate weekly conditions. This can help identify prevailing trend strength when using smaller timeframes.
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.

Want to use this script on a chart?

Comments

Thank you master! I look forward to new beautiful works!
+1 Reply
Bjorgum taurus55
@taurus55, You are welcome! Very glad its helpful to you
Reply
Thanks, this helps a lot
+1 Reply
Awesome!
+1 Reply
Amazing! Any chance to add buy/sell alerts for the arrows?
Reply
Bjorgum BartasA
@BartasA, As the arrows are not intended to be buy sell indicators themselves, but rather an indication of the BJ TSI curling, my suggestion to you would be to set a "moving up/down" alert on the TSI through the alert page as this will result in an alert whenever an arrow is plotted. Same result. DM me if you have any other questions! Cheers!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter