Trend Intensity Index (TII)

Category: trend, momentum

Measures the strength or intensity of a price trend by comparing the sum of positive and negative price deviations relative to a long-term moving average.

Formula

TII = 100 \times \frac{\sum_{i=1}^{n} (Price_i - MA_{2n}) \text{ if } Price > MA}{\sum_{i=1}^{n} |Price_i - MA_{2n}|} \newline \text{where } MA_{2n} \text{ is the Moving Average over } 2 \times \text{Length} \text{ and } n \text{ is Length.}

Inputs

• Length (default: 30)
• MA_Method (default: 0)
• Price (default: 0)
• Overbought_Level (default: 80)
• Oversold_Level (default: 20)

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