RangerTSI

 

Hi all,


I need comments for my indicator after much work and study on candle sticks.

Very similar to TSI

Files:
rangertsi.mq4  3 kb
 
doshur wrote >>

Hi all,

I need comments for my indicator after much work and study on candle sticks.

Very similar to TSI

Hi doshur

Your indicator looks great, but not knowing what to look for, it wont be of much use. So care to share how to use it? If it is similar to TSI, why do you code this particular one? Is there some numbers or patterns we should look out for? thks!

ronaldosim

 

Line is below zero if it's a downtrend, line above zero if uptrend.


Quite close to a number of indicators MACD, AO, etc but maybe quicker to pick up on the change of direction. But nothing to indicate the actual direction like the Signal line in MACD or the change of colors in AO?

 

The usage is the same as TSI.


I will try to add in volume factor.