TSI in Dynamic Zones with Divergence and Pivot Points

True Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future.

What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.

What are those triangles?
- These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move.

What are these blue or orange areas?
- Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging.

Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.

Note di rilascio

Better visible Zones

Note di rilascio

Quite a big update. Cosmetic changes. Added an Kuma Cloud Implied Volatility Indicator that helps to identify market bottoms and market tops. Also added a Bollinger Band Percentage Indicator to have another layer of confirmation when the market is in a state of overbought or oversold

Note di rilascio

bugfix

Note di rilascio

Small update. Added an little trend continuation signals for people that prefer to trade alongside a given trend, its calculated by crosses above/under the 0-line. Also modified the BB-% Indicator so that it shows squeezes. Added a small Money Flow indicator.

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

AdonisWerther

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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.

AdonisWerther