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True_Strength_Index.mq5 (10.84 KB) view

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True Strength Index oscillator.

It has four adjustable parameters:

Calculations:

TSI = 100.0 * UDM2 / ADM2

where:

UDM2 = EMA(UDM1, Second smoothing period)
ADM2 = EMA(ADM1, Second smoothing period)

UDM1 = EMA(UDM, First smoothing period)
ADM1 = EMA(ADM, First smoothing period)

UDM = Close - PrevClose
ADM = ABS(UDM)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22783

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True_Strength_Index - indicator for MetaTrader 5