FXTSI-ULTIMATE

Category: momentum, market_structure

A currency strength indicator that calculates the True Strength Index (TSI) for eight major currencies using a zero-sum regulated momentum model and adaptive standard deviation bands.

Formula

TSI = 100 \times \frac{EMA(EMA(Momentum, L2), L3)}{EMA(EMA(|Momentum|, L2), L3)} \text{ where } Momentum = \ln(\frac{C}{C[n]}) \times 100 \text{ adjusted to zero-sum avg per currency.}

Inputs

• FX source (default: OANDA)
• Momentum period (default: 1)
• Smoothing period 1 (default: 25)
• Smoothing period 2 (default: 15)
• Lookback Period (Bands) (default: 100)
• Apply Zero-sum (default: true)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.