Click here to Login








Trend Strength Index

by swalk10, 1556 days ago
Share |


Frank Hassler introduced this measurement. It was discussed on Frank's Blog Engineering Returns http://engineering-returns.com/2010/06/28/aapl-ts/, and it was highlighted and researched by David Varadi of CSS Analytics in his blog http://cssanalytics.wordpress.com/2010/06/28/trend-strength-index-tsi/, and subsequent posts.

David uses the following summary of TSI: "The TSI is an intermediate-term absolute (versus relative ) measure of the tendency of a stock to trend or mean revert. The premise underlying the theory is that stocks with a high degree of momentum in relation to volatility are much less likely to mean-revert than those that have a low degree of momentum in relation to volatility."

TSI shows promise in being used as a superior replacement for the ADX. It can be looked at to help determine when a security is trending or mean reverting, and it can also be used as a filter or ranking element within a system.

The formula works as follows:

TSI = Average(Average(Ratio,10),100)
Ratio = (abs(today's close - close of 10 days ago) / atr(10)
atr10 is 10 day average true range


Scott Walker & Michael Walker




You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 564


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Historical Stock Market Data (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 6661 Notes Report an item
Yang Zhang extension of the Garman-Klass Volatility Estimator (by The trader, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 62 Notes Report an item
Kaufman's Efficiency Ratio (Fractal Efficiency) (by saratur, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 47 Notes Report an item
Auto Support and Resistance Indicator (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 49 Notes Report an item
Swing Point Function (SP) (by SystemTra.de, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 92 Notes Report an item
Self-Adjusting RSI Indicator (by Caleb, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 63 Notes Report an item
Historical High-Low Volatility: Parkinson (by The trader, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 92 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to create a trading indicator that uses stock news

How to create your own technical analysis indicators

Create a stock index or a trading indicator using the composite tools

Create a trading strategy using the money management tool - Part 2

Create a trading strategy using the money management tool - Part 1

How to create a market timing system - Part 3

Correlation of market indicators

How to create a market timing system

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2018 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.