Re: True Strength Index - September Active Trader Magazine

[Michael Harris <hicap92fs@xxxxxxxxx>]

Ernie,

Thank you.  Verifies OK and looks like it does the job.  Thank you so
much.
Mike
***************************

Ernie Bonugli wrote:

> Try this version!  I have not tested it yet.
>
> {true strength index by Blau}
> Inputs:Price(close),rlength(25),slength(13);
> var:TSI(0);
> value1 = close - close[1];
> value2 = xaverage(xaverage(value1, rlength), slength);
> value3 = xaverage(xaverage(absvalue(value1), rlength), slength);
> if value3 > 0 then TSI = 100*value2/value3 else TSI = 0;
> plot1(TSI);
>
> --
> Best regards,
>  Ernie                            mailto:ebonugli@xxxxxxxx