SC MTF True Strength Index for MT4 with alert

Advanced TSI (True Strength Index) with dual-line signals, two-level system, multi-timeframe support, customizable visual signals, and highly configurable alert system.

Freelance programming services, updates, and other TrueTL products are available on my MQL5 profile.

Feedback and reviews are highly appreciated!

What is the True Strength Index (TSI)?

The True Strength Index (TSI) is a momentum oscillator developed by William Blau. It applies double exponential smoothing to price momentum (the difference between the current and previous close), which effectively filters out market noise and reveals the underlying trend direction.

TSI oscillates between -100 and +100 and consists of two lines: the TSI Main line and a Signal line (a moving average of the TSI). Positive values indicate bullish momentum, negative values indicate bearish momentum. Crossovers between the two lines and movements through the High/Low levels are the primary trading signals.

Features:

  • Dual-line TSI (Main and Signal) with two-level system (High and Low overbought/oversold zones)
  • Visual signal markers (arrows, vertical lines) with three independent configurable signal buffers
  • Advanced signal detection: direction change, line cross, level cross, peak/valley for both lines
  • Configurable alert functions (email, push, sound, popup) with time range filtering
  • Multi-timeframe (MTF) with interpolation, multiple color modes, and iCustom buffer access for EA integration

Input Parameters:

  • Basic Settings:
    • TSI parameters: Long period / r (default: 25), Short period / s (default: 13), Signal period (default: 7), MA method for Signal line, Applied price.
    • Multi-timeframe: TSI timeframe selection and MTF interpolation mode.
  • Levels Settings:
    • Level configuration: Toggle visibility, set High/Low boundaries (default: +25 / -25), optional Middle level display.
    • Level appearance: Customize color, style, and width.
  • Signal Settings:
    • Signal triggers: Configure 3 independent signals with detection types (direction change, line cross, level crossings, peak/valley).
    • Visual markers: Arrows and vertical lines with customizable size, style, position, Wingdings codes, and colors.
  • Alert Settings:
    • Alert configuration: Timing (Off/After close/Before close/Both), interval limit, time range filter.
    • Delivery methods: Email, push notification, popup, sound with file selection.
  • Color and Style Settings:
    • Color modes: Simple, Cross variations, Direction, Direction with levels, Level-based (8 modes total).
    • Display options: Histogram mode, line appearance customization (4 colors, style, width for both lines).
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FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade
Market Reversal Alerts
LEE SAMSON
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LIMITED TIME SALE - 30% OFF! WAS $50 - NOW JUST $35! Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a po
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