jwammo12

TSI MACD by Jwammo12

The TSI MACD indicator is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators.

The TSI MACD indicator is a momentum indicator , considering that it comes from two momentum indicators.

Ultimately, the TSI MACD indicator is used to gauge the strength of a trend, as well as its accompanying momentum.

The indicator is shown to oscillate between -110 and +110, while its signal baseline is on the zero level (a level that determines the market bias).

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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

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