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Attachments: TSI Stoch Strategy That Works
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TSI Stoch Strategy That Works

Quoting TheBestMA
{quote} These are not the indicators, it must be Trend Strength Index
Agree - it's True Strength Index
Quoting TheBestMA
{quote} no TSI indicator for MT4 or MT5. Only on tradingview
What settings for TSI in TW?
Quoting Toppi
{quote} What settings for TSI in TW?
i think its default. 14
Gold/USD
Okay, stoch its also default?
Quoting AlienDog
Okay, stoch its also default?
yes 14 3 3 but i use 8 3 3
Gold/USD
Never mind, I didn't pay atention to graphs, sorry for the dumb questions
Quoting AlienDog
Never mind, I didn't pay atention to graphs, sorry for the dumb questions
its alright were all dumb sometimes
Gold/USD
Thanks adxking, TSI is 14 default, and stochastic is 14 3 3
Quoting TheBestMA
{quote} I think no TSI indicator for MT4 or MT5.
All kinds of TSI(True Strength Index) indicators for mt4 and mt5.... here are a couple
Attached File(s)
File Type: mq4 true-strength-index (1).mq4   4 KB | 149 downloads
File Type: ex5 true-strength-index-indicator.ex5   26 KB | 112 downloads
Those who don't believe in magic will never find it
Quoting PayTheBid
{quote} All kinds of TSI(True Strength Index) indicators for mt4 and mt5.... here are a couple {file} {file}
It is not True Strength Index. It must be Trend Strength Index
Quoting TheBestMA
{quote} It is not True Strength Index. It must be Trend Strength Index
Agree, but when I check and compare charts it's not big difference. However I try to get
Trend Strength Index for mt4
Another example of trade that I dont take. Stochastic is 80 and it is at the support level.
Attached Image (click to enlarge)
Click to Enlarge Name: gggggg.jpg Size: 141 KB
Quoting TheBestMA
{quote} It is not True Strength Index. It must be Trend Strength Index
There are many different versions of Trend Strength Index and interpretation of price trend and strength.

Is your Trend Strength Index based on the original William Blau' technical study?

https://www.investopedia.com/terms/t/tsi.asp


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} There are many different versions of Trend Strength Index and interpretation of price trend and strength. Is your Trend Strength Index based on the original William Blau' technical study? https://www.investopedia.com/terms/t/tsi.asp ...
Yes thats right. It's different from True Strenght Index. But it is based on William Blau' style. It's formula is that one.
Attached Image (click to enlarge)
Click to Enlarge Name: gggggg.jpg Size: 5 KB
Quoting TheBestMA
{quote} Yes thats right. It's different from True Strenght Index. But it is based on William Blau' style. It's formula is that one. {image}
Bro can u pls share me its mt4 version indicator pls? I am more comfortable on mt4 than trading view. If u have pls share me .
Quoting X2x
{quote} Bro can u pls share me its mt4 version indicator pls? I am more comfortable on mt4 than trading view. If u have pls share me .
no TSI indicator for MT4 or MT5. Only on tradingview
Quoting TheBestMA
{quote} Yes thats right. It's different from True Strenght Index. But it is based on William Blau' style. It's formula is that one. {image}
this

https://www.mql5.com/en/code/22737

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting TheBestMA
Hello fellow traders. I'm here with a very easy strategy. This strategy works on all pair. Now let's see the tradingview indicators in the strategy. 1. TSI: Trend Strength Index must break the 0 level up or down. 2. Stochastic: It should not reach the 20 or 80 level. The main purpose of this strategy is to make profits by taking advantage of the momentum of the price movements. Buy Setup Must be trending up TSI should break up Stochastic indicator must not have reached 80 Sell Setup Must be trending down TSI should break down Stochastic indicator...
First of all, thank you for sharing.
The candles looks ranging to me. How do you define trending up/down?
http://icmarkets.com/?camp=64436
IC Real All Time Return: 27.1%
Quoting crev
{quote} First of all, thank you for sharing. The candles looks ranging to me. How do you define trending up/down?
It's just classic price trend.
Quoting emmanuel7788
{quote} this https://www.mql5.com/en/code/22737 ...
It is alternated version of it.
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