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True Strength Index Indicator

The true strength index is a technical indicator used in the analysis of financial markets that attempts to show both trend direction and overbought/oversold conditions. It was first published William Blau in 1991. The indicator uses moving averages of the underlying momentum of a financial instrument.

The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0.

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