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TSI Trend Strength from Amibroker / Metastock Rate this Topic:
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sgallagher
Posted : Monday, August 19, 2013 10:32:49 AM
Registered User
Joined: 3/22/2010
Posts: 14

Hi Bruce,

I have found discussions on TSI but not sure it is what I'm looking for.  I use the following which I have translated from Amibroker to Metastock.  IS it possible to do the same for TC2000 v12.3:

Ratio:= (CLOSE - Ref(CLOSE,-10)) / ATR(10)  ;

 
Mov(Mov(Ratio,10,S),100,S);
 
 
Thanks in advance,
Sean
Bruce_L
Posted : Monday, August 19, 2013 10:54:37 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

The Trend Strength Indicator you describe is not the same as the True Strength Indicator in TC2000.

If the ATR is simple, then you could create an Indicator Formula for the Ratio as:

(C - C10) / ((AVGH10 - AVGL10) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4) + ABS(H5 - C6) + ABS(C6 - L5) + ABS(H6 - C7) + ABS(C7 - L6) + ABS(H7 - C8) + ABS(C8 - L7) + ABS(H8 - C9) + ABS(C9 - L8) + ABS(H9 - C10) + ABS(C10 - L9)) / 20)

If you use this as a Custom PCF Indicator, you could then add the 10-Period and 100-Period Simple Moving Averages to this calculation.

You can include one of the moving averages in the Custom PCF Indicator if desired by setting the Period of the Custom PCF Indicator to either 10 or 100 (if you want the indicator to just be a single line representing Mov(Mov(Ratio,10,S),100,S), then you would probably want to use 100). You can set the Opacity of the Custom PCF Indicator all the way to left to make it so the Custom PCF Indicator is not visible if desired.

Adding and Moving Indicators



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
sgallagher
Posted : Monday, August 19, 2013 5:48:38 PM
Registered User
Joined: 3/22/2010
Posts: 14

Thanks.  True Strength is very very similar (raw) to TSI.   

Bruce_L
Posted : Tuesday, August 20, 2013 8:22:43 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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