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TSI Trend Analyzer

4.6

In which direction should I trade today? For “TREND followers”, we need to determine the TREND.

This indicator determines the Trend based on the price High, Low and Close of every bar, for a given period and timeframe. Calculating and plotting the Trend UP and Trend DOWN lines.

If the: 

  • “Trend UP” line (Green) is above the “Trend DOWN” line (Red), then it is a BULLISH Trend (see "Screenshots" tab).
  • “Trend DOWN” line (Red) is above the “Trend UP” line (Green), then it is a BEARISH Trend (see "Screenshots" tab).

 

As input, you select a timeframe to determine the Trend (variable TIMEFRAME_period). Eg. if you trade on a M15 Chart, you can select a higher timeframe like H1 (4x higher is appropriate), to determine the Trend. So basically, on a M15 Chart you will see the H1 Trend without having to switch to another Chart window.

Works on any instrument being Forex, Indices, Commodities, Stocks etc.


Input Parameters

  •  Number of Bars to calculate: predefined value to reduce performance impact on the hardware. Adjust it accordingly to view more or less historic data.
  • TIMEFRAME_period : Timeframe to determine the trend. You need to select a timeframe higher or equal to the current one.

Output Buffers 

  • Buffer 0  : Trend UP value 
  • Buffer 1  : Trend DOWN value


Note:

Soon to be released, a more advanced and fully featured Trend indicator named “TSI Trend Stepper”. Where specific TREND entry zones are plotted in different colors, for both Long and Short positions. More details coming soon …


“The Trend is your friend, trade with it, not against it”.


Reviews 6
Lover Madrilejos
21
Lover Madrilejos 2021.08.07 11:45 
 

Thank you for this work of yours... God bless. very helpful. fantastic indicator. easy to use

2002449430
44
2002449430 2021.07.03 21:29 
 

Indicador sensacional acerta todas muito melhor que o ADX.

skyfall2014
276
skyfall2014 2021.02.01 09:03 
 

Such a nice job! Thanks!

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21
Lover Madrilejos 2021.08.07 11:45 
 

Thank you for this work of yours... God bless. very helpful. fantastic indicator. easy to use

2002449430
44
2002449430 2021.07.03 21:29 
 

Indicador sensacional acerta todas muito melhor que o ADX.

areteus areteus
453
areteus areteus 2021.05.16 09:33 
 

Works well but when TF changes it does not change or takes a lof of time, pls do fix it

skyfall2014
276
skyfall2014 2021.02.01 09:03 
 

Such a nice job! Thanks!

Aleksandr Tamonin
4107
Aleksandr Tamonin 2021.01.24 17:25 
 

User didn't leave any comment to the rating

Joao Paulo Ferreira Fortes
2472
Reply from developer Joao Paulo Ferreira Fortes 2021.01.29 19:46
Thanks Aleksandr, it's good to hear that this indicator is of value :) Let me know if there's any new feature you would like to be included in next releases.
Reply to review
Version 2.0 2020.05.02
Warning message added when timeframe is lower than the current one.