Trend series indicator
- Göstergeler
- Vincent Albert Feugier
- Sürüm: 1.0
- Etkinleştirmeler: 20
The Trend Series Indicator is a momentum-based tool designed to isolate and quantify the persistence of price cycles. While traditional oscillators like RSI or Stochastics often "flatten" during strong trends, the TSI measures the actual duration of the current market impulse.
How It Works
The indicator tracks the sequence of consecutive directional closes:
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Green Bars (Positive): Counts the streak of bullish candles. Each new higher close increments the bar (+1, +2, +3...).
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Red Bars (Negative): Counts the streak of bearish candles. Each new lower close decrements the bar (-1, -2, -3...).
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Instant Reset: The counter returns to zero as soon as a candle of the opposite color appears, signaling an immediate break in the current flow.
Key Benefits
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Exhaustion Detection: Statistically identify high-probability reversal zones (e.g., after a streak of 7 or 8 consecutive bars).
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Zero Lag: The indicator reacts precisely at the candle close, without the mathematical smoothing that often delays entries.
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Trend Filter: Helps traders stay in winning positions as long as the series polarity remains unchanged.
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Clean Visuals: Separate window histogram that keeps your main chart clutter-free.
