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TSI Stoch Strategy That Works

  • #21
  • Jul 24, 2024 4:23am Jul 24, 2024 4:23am
Quoting TheBestMA
{quote} These are not the indicators, it must be Trend Strength Index
Agree - it's True Strength Index
  • #22
  • Jul 24, 2024 4:28am Jul 24, 2024 4:28am
Quoting TheBestMA
{quote} no TSI indicator for MT4 or MT5. Only on tradingview
What settings for TSI in TW?
  • #23
  • Jul 24, 2024 4:30am Jul 24, 2024 4:30am
Quoting Toppi
{quote} What settings for TSI in TW?
i think its default. 14
  • #24
  • Jul 24, 2024 4:36am Jul 24, 2024 4:36am
Okay, stoch its also default?
  • #25
  • Jul 24, 2024 4:39am Jul 24, 2024 4:39am
Quoting AlienDog
Okay, stoch its also default?
yes 14 3 3 but i use 8 3 3
  • #26
  • Jul 24, 2024 4:40am Jul 24, 2024 4:40am
Never mind, I didn't pay atention to graphs, sorry for the dumb questions
  • #27
  • Jul 24, 2024 4:43am Jul 24, 2024 4:43am
Quoting AlienDog
Never mind, I didn't pay atention to graphs, sorry for the dumb questions
its alright were all dumb sometimes
  • #28
  • Jul 24, 2024 5:01am Jul 24, 2024 5:01am
Thanks adxking, TSI is 14 default, and stochastic is 14 3 3
  • #29
  • Jul 24, 2024 5:02am Jul 24, 2024 5:02am
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 | 407 downloads
File Type: ex5 true-strength-index-indicator.ex5   26 KB | 340 downloads
Those who don't believe in magic will never find it
  • #30
  • Jul 24, 2024 5:19am Jul 24, 2024 5:19am
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
  • #31
  • Jul 24, 2024 5:48am Jul 24, 2024 5:48am
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
  • #32
  • Jul 24, 2024 5:59am Jul 24, 2024 5:59am
Another example of trade that I dont take. Stochastic is 80 and it is at the support level.
Attached Image (click to enlarge)
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  • #33
  • Jul 24, 2024 7:17am Jul 24, 2024 7:17am
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
  • #34
  • Jul 24, 2024 8:01am Jul 24, 2024 8:01am
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.
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  • #35
  • Jul 24, 2024 8:44am Jul 24, 2024 8:44am
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 .
  • #36
  • Jul 24, 2024 8:53am Jul 24, 2024 8:53am
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
  • #37
  • Jul 24, 2024 12:22pm Jul 24, 2024 12:22pm
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
  • #38
  • Jul 24, 2024 12:50pm Jul 24, 2024 12:50pm
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: -14.6%
  • #39
  • Jul 25, 2024 12:11am Jul 25, 2024 12:11am
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.
  • #40
  • Jul 25, 2024 12:11am Jul 25, 2024 12:11am
Quoting emmanuel7788
{quote} this https://www.mql5.com/en/code/22737 ...
It is alternated version of it.
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