This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Multiple script overlays can be used for "Multi-timeframe analysis" by altering the "resolution" feature.
eg: Viewer could enable 2 "Arrow" scripts while watching the daily timeframe, and setting one of them to indicate weekly conditions. This can help identify prevailing trend strength when using smaller timeframes.
Thank you master! I look forward to new beautiful works!
Bjorgum
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@taurus55, You are welcome! Very glad its helpful to you
aqpclimber
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Does it repaint?
BridgewaterMbAb
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Awesome!
BartasA
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Amazing! Any chance to add buy/sell alerts for the arrows?
Bjorgum
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@BartasA, As the arrows are not intended to be buy sell indicators themselves, but rather an indication of the BJ TSI curling, my suggestion to you would be to set a "moving up/down" alert on the TSI through the alert page as this will result in an alert whenever an arrow is plotted. Same result. DM me if you have any other questions! Cheers!
pprathap
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Thanks, this helps a lot
gerardgervais
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Thank you so much, @Bjorgum, it's a very interesting and helpfull indicator. I do have a small request, as for the shapes : would it be possible to customize their size, as, for me, they appear much too tiny? I'm sorry to ask that as I guess i'ts probably very simple and easy to add something in the lines 23 and 25, but I do not know at all anything about programming. Would you have the kindness of modifing this?