True Strength Index (TSI) Indicator

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What Is the True Strength Index (TSI)?

The true strength index (TSI) is a technical momentum oscillator used to identify trends and reversals. The indicator may be useful for determining overbought and oversold conditions, indicating potential trend direction changes via centerline or signal line crossovers, and warning of trend weakness through divergence.

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https://www.investopedia.com/terms/t/tsi.asp


Indicator:

https://www.mql5.com/en/code/22737

TSI.ex5
TSI.mq5


Buy and sell according to colors

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