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True Strength Index (TSI)

Ichimoku with MACD/ CMF/ TSI This is a strategy made from ichimoku cloud , together with MACD, Chaiking Money FLOW and True Strenght Index. It can be adapted to any timeframe and any type of financial markets. The idea behind its very simple, We combine the long / short strategy from ichimoku, like cross between lines and below/above cloud together with histogram from MACD for positive/negative level. We use the same criteria for TSI and CMF, to check if its above or below 0 level. Based on that we have a long or a short entry. The exit happens when the next options triggers, like for example we had long signal, we exit when we receive the short signal and viceversa. It can be adapted with a risk management to apply a tp/sl level. For any suggestion or details , let me know.
Pine Script® strategy
by SoftKill21
5
TRM StrategyThis is a strategy version of the "True Relative Movement" script: It is virtually identical to the original script, except now you can back test different conditions and parameters. TRM has 3 different conditions:Buy (Blue Bars), Hold/Take Profit (Gray Bars), and Sell (Pink Bars). This script is only coded for Long only condition. It will exit the position when there is a sell signal, no take profit parameters are coded. The example backtest results shown are on $AAPL with a starting Capital of 10k, with each trade investing 10% of capital. I cannot show results vs buy and hold (meaning re-investing 100% of capital) as this is against house rules. However, I HIGHLY encourage you to experiment with different trade parameters, time frames, symbols and settings for TRM. You will find that certain time frames perform better under different TSI and RSI settings. The "Slower paced trader" can use the "Slow settings" for TRM ( Instructions embedded in the settings window). This will produce less signals ect.... I am personally, constantly finding different settings that work for different ETF's, symbols ect... As a discretionary trader, it is important to have a system that has an "edge". That is what the script is meant for... finding an edge to help you make sound trading decisions and help you manage risk accordingly. Enjoy, and please DO NOT hesitate to ask me any questions.
Pine Script® strategy
by RolandoSantos
7
TKP-True Relative MovementThis script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the parameters of TSI or RSI to preference. Also embedded in the script is the ability to add exponential moving average filter for additional conditions if you have some know how with coding.
Pine Script® indicator
by RolandoSantos
10
TSI MACD by Jwammo12The 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).
Pine Script® indicator
by jwammo12
10
Minimal Godmode 1.0// Acknowledgements: // Original Godmode Authors: // @Legion, @LazyBear, @Ni6HTH4wK, @xSilas // Drop a line if you use or modify this code. // Godmode 3.1.4: @SNOW_CITY // Godmode 3.2: @sco77m4r7in and @oh92 // Godmode3.2+LSMA: @scilentor // Godmode 4.0.0-4.0.1: @chrysopoetics // Jurik Moving Average: @everget // Minimal Godmode v1.0: // Removed BITSTAMP:BTCUSD, added presets for 9-26-13 and 17-6-4, added more exchanges + USDT and USDC pairs to multi-exchange option // JMA smoothing - more responsive + less lag than SMA at equivalent length settings // Minor cosmetic changes to account for pinescript 3 transparency and z-order
Pine Script® indicator
by UnknownUnicorn2796841
4
True Strength Indicator BTCUSD 2HScript based on True Strength Index (TSI) and RSI A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions. !!! IMPORTANT IN ORDER TO AVOID REPAITING ISSUES !!! USE Chart resolution >= resCustom parameter, suggestion 2H Yellow zones indicates that you can claim position for better profits even before a claim confirmation. Dark zones indicates areas where RSI shows overbought and oversold conditions. BTCUSD
Pine Script® strategy
by moneros
18