OPEN-SOURCE SCRIPT
True Strength Indicator BTCUSD 2H
Script based on True Strength Index (TSI) and RSI
A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions.
!!! IMPORTANT IN ORDER TO AVOID REPAITING ISSUES
!!! USE Chart resolution >= resCustom parameter, suggestion 2H
Yellow zones indicates that you can claim position for better profits even before a claim confirmation.
Dark zones indicates areas where RSI shows overbought and oversold conditions.
BTCUSD
A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions.
!!! IMPORTANT IN ORDER TO AVOID REPAITING ISSUES
!!! USE Chart resolution >= resCustom parameter, suggestion 2H
Yellow zones indicates that you can claim position for better profits even before a claim confirmation.
Dark zones indicates areas where RSI shows overbought and oversold conditions.
BTCUSD
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
Declinazione di responsabilità
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.