TSI Convergence Divergence (TSI_CD)

Category: momentum

A True Strength Index (TSI) Convergence/Divergence indicator that calculates the difference between the TSI line and its signal line, displayed as a color-coded histogram.

Formula

TSI\_CD = TSI\_Line - Signal\_Line(TSI\_Line, sMAp) \nColor = (TSI\_CD[i] > TSI\_CD[i-1]) ? Green : Red

Inputs

• ema1 (default: 25)
• ema2 (default: 13)
• sMAp (default: 10)
• MAmode (default: MODE_EMA)

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