I have identified no fewer than 6 techniques for using the True Strength Index (TSI) indicator for the accurate generation of Buy/Sell trading decisions.
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I will present these 6 techniques accompanied by charts and demonstrate their interpretation.
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The 6 techniques are:
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1. ZERO Crossover
2. Trend Line Break
3. Positive/Negative Divergence
4. Support/Resistance Line Break
5. Nosebleed/Opposite
6. Moving Average Crossover
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Let's first begin with the ZERO Crossover, as it demonstrates the wonderfully characteristic 'truth' of the True Strength Index indicator:
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a.) when the indicator is rising above the ZERO level, price is always also rising.
b.) when the indicator is falling below the ZERO level, price is always also falling.
@QuantitativeExhaustion Thank you for the great script! I get an error trying to run an updated version. Something in line with 0.66%.
Any help would be appreciated! Thanks.
QuantitativeExhaustion
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Another example with lower chart time frame vs higher TSI frames.
dreadnought11
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why does it not change when we change the timeframe?
I have identified no fewer than 6 techniques for using the True Strength Index (TSI) indicator for the accurate generation of Buy/Sell trading decisions.
*
I will present these 6 techniques accompanied by charts and demonstrate their interpretation.
*
The 6 techniques are:
*
1. ZERO Crossover
2. Trend Line Break
3. Positive/Negative Divergence
4. Support/Resistance Line Break
5. Nosebleed/Opposite
6. Moving Average Crossover
*
Let's first begin with the ZERO Crossover, as it demonstrates the wonderfully characteristic 'truth' of the True Strength Index indicator:
*
a.) when the indicator is rising above the ZERO level, price is always also rising.
b.) when the indicator is falling below the ZERO level, price is always also falling.
6 Buy/Sell Techniques using the TSI Indicator
thetsitrader.blogspot.gr/p/6-buysell-techniques-using-true.html