TSI MACD indicator download for MetaTrader 5 - Free | Forex indicator download - MT4/MT5 resources

The True Strength Index MACD (TSI MACD) indicator combines MACD and TSI to provide a more accurate identification of momentum strength and trend direction .

This MT5 volatility indicator , with the help of a moving average line and signal line, helps traders identify market depth and evaluate trend strength .

It includes an orange signal line and a blue moving average line.

Indicator specification table

TSI MACD Indicator Overview

The classic MACD Oscillator is a key tool for checking convergence and divergence of moving averages. At the same time, the TSI indicator has a strong ability to show the strength and intensity of price movements. The TSI MACD indicator combines these practical and powerful indicators on price charts for users to use.

Indicator performance in an uptrend

Based on the 30-minute price chart of the cryptocurrency Binance Coin (BNB) , the price trend becomes bullish each time the blue line breaks above the signal line (orange breaks line) and oscillates in the positive oscillator phase.

Traders can use the intersection of these two lines as an opportunity to enter a long position .

Indicator performance in a downtrend

According to the analysis of the 1-hour timeframe on the NZD/USD currency pair chart, the price trend becomes bearish every time the blue line falls below the signal line (orange line) and oscillates in the negative oscillator phase.

In this case, traders can use the intersection of these two lines as an opportunity to enter a sell position .

Indicator Settings

• Chart Theme : Indicator theme;
• Fast MA Period : The fast moving average period is calculated as 8;
• Slow MA Period : The slow moving average period is calculated as 21;
• Signal Period : The signal period is set to 5;
• First Smoothing : The initial smoothing parameter is set to 8;
• Second Smoothing : The secondary smoothing parameter is set to 5;
• Sig Period : The signal line period is set to 5.

Conclusion

The TSI MACD indicator, with unique properties of both tools , provides a more precise signal to identify potential price changes in the market .

This combination is very effective for analyzing price action and evaluating momentum , assisting traders in order to make more accurate decisions. It is worth noting that this MT5 oscillator operates efficiently on all markets without any restrictions .