Registered User Joined: 7/29/2010 Posts: 417
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Bruce,
In your template for TSI, there is no mention of referencing previous bars unlike almost every other indicator.
Is this just an oversight or the unfortunate reality?
Also, please create a pcf for TSI 3,9 rising if that is possible.
Many thanks,
Don
True Strength Index (TSI)
This is the same as the SMI Ergodic Indicator.
Template (v17+)
XAVG(XAVG(C - C1, s), l) / XAVG(XAVG(ABS(C - C1), s), l)
Where s is the short period.
Where l is the long period.
Example
The following is the formula for a TSI3,9.
XAVG(XAVG(C - C1, 3), 9) / XAVG(XAVG(ABS(C - C1), 3), 9)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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It is primarily because of the instances of C - C1 in the fomula. You could do this as:
XAVG(XAVG(Cz - Cy, s), l) / XAVG(XAVG(ABS(Cz - Cy), s), l)
Where s the short period.
Where l is the long period.
Where z is the bars ago parameter.
Where y is z + 1.
But that seems a bit awkward when you aren't going to be using a bars ago parameter most of the time.
Anyway, please try the following.
XAVG(XAVG(C - C1, 3), 9) / XAVG(XAVG(ABS(C - C1), 3), 9) > XAVG(XAVG(C1 - C2, 3), 9) / XAVG(XAVG(ABS(C1 - C2), 3), 9)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 7/29/2010 Posts: 417
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Bruce,
Many thanks for this. It is quite straight forward.
Don
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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