Bjorgum

Bjorgum TSI

-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
-This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends.
-Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses.

*Resolution function enables multiple overlay for "Multi-timeframe analysis"*
Release Notes: Update includes some menu name changes and area plot fill color to accentuate bullish or bearish trends in the indicator
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.

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Comments

Never change this indicator it is a great one honestly
+12 Reply
Thanks for sharing. How do you get the arrows to appear on the chart above/below the candles?
+5 Reply
Bjorgum legimms
@legimms,Glad you like it. You can use the Bjorgum TSI arrow script, or it is included in the T3 reversal script as well.
+1 Reply
This is a trading bomb!!! THANK YOU!!!
+2 Reply
Bjorgum taurus55
@taurus55, You're very welcome, happy it is helping you my friend
+1 Reply
This indicator is underrated! Thanks for this amazing indicator.
+1 Reply
Bjorgum sulfur93
@sulfur93, You're welcome! All the best to you!
Reply
What is the best time frame for this?
+1 Reply
Bjorgum ericp3
@ericp3, the best time frame will change depending on the instrument you trade. Some assets on one time frame may perform better than another on a different time frame. Back testing is your best bet and I strongly recommend multi-time frame analysis - highest success rate will occur when multiple time frames align at once
Reply
Love it!
+1 Reply
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