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MACD TSI Histogram for Metastock

MIKE1 about 16 years ago Metastock

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    oscillator, metastock

Better signals and divergence than standard MACD

Indicator / Formula

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pds1:=Input("Number of periods R alpha",1,500,25);
pds2:=Input("Number of periods S alpha",1,500,13);

TSI:=100*(Mov(Mov((CLOSE - Ref(CLOSE,-1)),pds1,E),pds2,E))/(Mov(Mov(Abs(CLOSE - Ref(CLOSE,-1)),pds1,E),pds2,E));

TSI - Mov(TSI,9,E);

{End}

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