divergence software, inc.
Development & Consulting Services
Product Detail
Multi-Timeframe Blau TSI for TradingView
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
MTF Blau TSI is a multi-timeframe adaptation of the original True Strength Index momentum oscillator. It can be used to indicate trend direction as well as overbought/oversold conditions. In addition to the multi-timeframe capability, this TSI is very responsive yet remains extremely smooth regardless of the settings used.
A typical approach would be to add two MTF Blau TSI indicators into your chart, set both to color the background, and set one copy to a higher interval. For the higher-interval copy set the Crossover Type to Signal, and for the chart-interval copy set the Crossover Type to Zero-Line. Then you can look for zero-crosses in the chart time interval that are in the same direction as the higher interval (i.e., if TSI in higher interval has a green background then look for crosses above the zero-line in the chart interval and vice-versa).
The indicator is highly customizable with options for crossover highlighting, background highlighting, adjustable reference lines, and automatic or manual higher-timeframe selection.
Specifications
- Product ID: TV0063
- Study only, no source code provided
- Requires TradingView