True Strength Index with Zones & Alerts

7 feb

Key Features:

True Strength Index (TSI) Calculation
Uses double-smoothed exponential moving averages (EMA) to calculate TSI.
A signal line (EMA of TSI) helps confirm trends.

Dynamic Color Coding for TSI Line
Green: TSI is above the signal line (Bullish).
Red: TSI is below the signal line (Bearish).

Crossover & Crossunder Signals
Bullish Crossover (TSI crosses above Signal Line) → Green Circle.
Bearish Crossunder (TSI crosses below Signal Line) → Red Circle.

Alerts for Trading Signals
Buy Alert: TSI crosses above the signal line.
Sell Alert: TSI crosses below the signal line.

Overbought & Oversold Zones
Overbought: Between 40 and 50 (Red Zone).
Oversold: Between -40 and -50 (Green Zone).
Highlighted Background when TSI enters these zones.

Neutral Line at 0
Helps determine trend direction and momentum shifts.

How to Use These Values:
• TSI Crosses Above Signal Line → Bullish entry.
• TSI Crosses Below Signal Line → Bearish entry.
• Overbought (+40 to +50) & Oversold (-40 to -50) zones → Watch for trend reversals.
• Divergence Signals → If price makes a new high/low but TSI doesn’t, momentum is weakening.

18 feb

Note di rilascio

✅ Added Overbought & Oversold Alerts:

🔴 Overbought Entry Alert (TSI crosses above 40)
🟢 Overbought Exit Alert (TSI crosses below 40)
🔴 Oversold Entry Alert (TSI crosses below -40)
🟢 Oversold Exit Alert (TSI crosses above -40)