True Strength Index (TSI)

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True Strength Index (TSI)

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Description

The True Strength Index (TSI) is a momentum-based indicator, developed by William Blau. Designed to determine both trend and overbought/oversold conditions, the TSI is applicable to intraday time frames as well as long term trading.

 

 

Syntax

TSI(int fast, int slow)
TSI(ISeries<double> input, int fast, int slow)

 

Returns default value
TSI(int fast, int slow)[int barsAgo]
TSI(ISeries<double> input, int fast, int slow)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

fast

Period of the fast smoothing factor

input

Indicator source data (?)

slow

Period of the slow smoothing factor

 

 

Examples

ns

// Prints the current value of a 20 period TSI using default price type
double value = TSI(20, 10)[0];
Print("The current TSI value is " + value.ToString());
 
// Prints the current value of a 20 period TSI using high price type
double value = TSI(High, 20, 10)[0];
Print("The current TSI value is " + value.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.