Price Strength Indicator by drnk by drnkk

True Strength Index (TSI) Exponential Moving Average (EMA)

This indicator tries to help you conclude bullish or bearing trends by showing
if the price trend is stronger or weaker than short EMA , compared to a long EMA reference which is zero line.

For now please do not use it below 15 min timeframes.

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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