True strength index mt4

TrueStrength Oscillator v1.00

Visual representation

  • Thick blue line: The main TSI, which tracks market momentum.

  • Thick red line: The signal line, which follows the main line closely to identify crossovers.

  • Thin blue bars: Histogram bars extending from the zero line to the main blue line.

  • Dotted gray line: The zero level, providing a clear reference for trend reversals.

Operational advantages

  • Fixed scale: The range remains constant between -0.000001 and +0.000001 for consistent reading.

  • No repainting: Calculations are performed only on closed bars, ensuring data reliability.

  • Timeframe versatility: Works on all timeframes, from M1 to MN1.

  • Performance: Lightweight indicator designed to ensure smooth terminal operation.

Adjustable settings

  • SignalPeriod: 2 (adjusts the speed of the red signal line).

  • SignalSmooth: 0.2 (adjusts the signal smoothing).

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