Fib TSI

Fib TSI = Fibonacci True Strength Index

The Fib TSI indicator uses Fibonacci numbers input for the True Strength Index moving averages. Then it is converted into a stochastic 0-100 scale.

The Fibonacci sequence is the series of numbers where each number is the sum of the two preceding numbers. 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610...

TSI uses moving averages of the underlying momentum of a financial instrument.

Stochastic is calculated by a formula of high and low over a length of time on a scale of 0-100.

How to use Fib TSI:
100 = overbought
0 = oversold
Rising = bullish
Falling = bearish
crossover 50 = bullish
crossunder 50 = bearish

The default input settings are:
2 = Stoch D smoothing

3 = TSI signal
TSI uses 2 moving averages compared with each other.

5 = TSI fastest
TSI uses 2 moving averages compared with each other.
Default value is 3/5.
color = white

8 = TSI fast
TSI uses 2 moving averages compared with each other.
Default value is 5/8.
color = blue

13 = TSI mid
TSI uses 2 moving averages compared with each other.
Default value is 8/13.
color = orange

21 = TSI slow
TSI uses 2 moving averages compared with each other.
Default value is 13/21.
color = purple

34 = TSI slowest
TSI uses 2 moving averages compared with each other.
Default value is 21/34.
color = yellow

55 = Stoch K length

All total / 5 = All TSI
color rising above 50 = bright green
color falling above 50 = mint green
color falling below 50 = bright red
color rising below 50 = pink

Up bullish reversal = green arrow up
bullish trend = green dots
Down bearish reversal = red arrow down
bearish trend = red dots

Horizontal lines:
100
75
50
25
0

2 different visual options example snapshot:

Note di rilascio:

add cross options:
bullish crossover 25, 50, 75 = green tiny triangle up
bearish crossunder 25, 50, 75 = red tiny triangle down

Note di rilascio:

9/16/23 Fib Tsi update to 1.1
1) add input for total average TSI of all rising or falling length bars ago.
2) change color options for all TSI based on rising or falling.
3) add parameters for long small arrow up to crossover 1, 2, 3, 4, 5, 6, 7, 8 or 9.
4) add parameters for short small arrow down to crossunder 99, 98, 97, 96, 95, 94, 93, 92, or 91.
5) add parameters for crossover tiny arrow up to crossover 10, 20, 30, 40, 50, 60, 70, 80, or 90.
6) add parameters for crossunder tiny arrow down to crossunder 90, 80, 70, 60, 50, 40, 30, 20, or 10.

Note di rilascio:

10/30/23 update:
1) add Macro lengths 55, 89, 144, 233 & 377.
2) add All lower TSI histogram option.
3) add All Macro TSI histogram option.