TSI Indicator with Trailing Stop

TSI Indicator with Advanced Risk Management & Tick-Based Position Tracking
This comprehensive TSI (True Strength Index) indicator combines momentum analysis with professional risk management features, designed for active traders who need precise entry/exit signals with built-in position management.
Key Features:
🔹 Enhanced TSI Calculation - Classic TSI with customizable periods and signal line for crossover detection
🔹 Smart Signal Filtering - Threshold-based entries with momentum confirmation to reduce false signals
🔹 Tick-Based Risk Management - Stop loss and take profit levels calculated in ticks for precise position sizing
🔹 Advanced Trailing Stop - Dynamic trailing stop that activates after minimum profit threshold
🔹 Position Tracking - Real-time P&L calculation and position status monitoring
🔹 Visual Dashboard - Clean information panels showing current signals, position status, and key metrics
🔹 Background Coloring - Instant visual feedback for active positions
🔹 Comprehensive Alerts - Entry signals, trailing stop activation, and position exit notifications
Customizable Settings:

TSI periods (Long/Short/Signal lengths)
Risk parameters (Stop Loss/Take Profit in ticks)
Trailing stop configuration
Signal thresholds for entry filtering
Display options for clean chart presentation

Perfect for: Day traders, scalpers, and swing traders who need precise entries with disciplined risk management. Works on any timeframe and instrument that supports tick-based calculations.
The indicator plots all levels directly on the chart with color-coded risk zones, making it easy to visualize your trade setup at a glance. Educational tool for understanding TSI momentum patterns combined with systematic risk management principles.
Note: This is an educational indicator for analysis purposes. Past performance does not guarantee future results.