Indicator creation request for TSI Difference from zero line
TSI Difference zero line crossing.
Indicator specifications
The difference between TSI and zero such that it will produce a histogram bar above and below the zero line.
Desired, but not required: To create a signal based on the following.
The concept called "the saucer buy or sell" was invented by Bill Williams.
A saucer buy signal occurs when the TSI difference is above zero, FALLS and then begins to climb again (remaining above zero). Entry occurs on the FIRST HIGHER histogram bar AFTER it DECLINES.
A saucer sell signal occurs when the TSI difference is below zero, RISES and then begins to fall again. Entry occurs on the FIRST LOWER histogram bar AFTER it RISES.
Peaks in the histogram above zero, are long exit signals. The reverse is true for short trades.
Thank you in advance for your assistance.
PS. please allow both periods of the TSI to be customized.
Indicator specifications
The difference between TSI and zero such that it will produce a histogram bar above and below the zero line.
Desired, but not required: To create a signal based on the following.
The concept called "the saucer buy or sell" was invented by Bill Williams.
A saucer buy signal occurs when the TSI difference is above zero, FALLS and then begins to climb again (remaining above zero). Entry occurs on the FIRST HIGHER histogram bar AFTER it DECLINES.
A saucer sell signal occurs when the TSI difference is below zero, RISES and then begins to fall again. Entry occurs on the FIRST LOWER histogram bar AFTER it RISES.
Peaks in the histogram above zero, are long exit signals. The reverse is true for short trades.
Thank you in advance for your assistance.
PS. please allow both periods of the TSI to be customized.
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