TSI in Dynamic Zones with Divergence and Pivot Points

2021년 12월 8일

True Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future.

What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.

What are those triangles?
- These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move.

What are these blue or orange areas?
- Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging.

Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.

2021년 12월 8일

릴리즈 노트

Better visible Zones

2022년 11월 9일

릴리즈 노트

Quite a big update. Cosmetic changes. Added an Kuma Cloud Implied Volatility Indicator that helps to identify market bottoms and market tops. Also added a Bollinger Band Percentage Indicator to have another layer of confirmation when the market is in a state of overbought or oversold

2022년 11월 9일

릴리즈 노트

bugfix

2022년 12월 6일

릴리즈 노트

Small update. Added an little trend continuation signals for people that prefer to trade alongside a given trend, its calculated by crosses above/under the 0-line. Also modified the BB-% Indicator so that it shows squeezes. Added a small Money Flow indicator.