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jwammo12

TSI MACD by Jwammo12

jwammo12  
Centered Oscillators True Strength Index (TSI) Moving Average Convergence / Divergence (MACD)
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centeredoscillator truestrengthindicator macd
The TSI MACD indicator is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators.

The TSI MACD indicator is a momentum indicator, considering that it comes from two momentum indicators.

Ultimately, the TSI MACD indicator is used to gauge the strength of a trend, as well as its accompanying momentum.

The indicator is shown to oscillate between -110 and +110, while its signal baseline is on the zero level (a level that determines the market bias).
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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