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Stoch + TSI [BullishBearVentures]

151
Combines the Stochastic and the TSI indicator. When combined, they are invaluable at seeing price reversals on current trend.
Nota Keluaran
Allow TSI offsets in both directions (up to three) to allow adjustments for strategies.

For example, considering a reversal strategy where you want to watch for reversals in the overbought and oversold regions:

1. Set the TSI offset to -3.
2. Use Color 4 as a preemptive reversal indicator.
3. Watch the next two bars after Color 4 and if both TSI bar colors are alike and are indicate a change in direction, then the trend is indeed reversing.
Nota Keluaran
Add option to show/configure consolidation TSI bars.
Nota Keluaran
Fix logic where momentum shift bar doesn't get ignored when consolidation is enabled.

Penafian

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