True_Strength_Index - MetaTrader 5 Script - MT4/MT5 Resources
True Strength Index Oscillator.
It has four adjustable parameters:
TSI = 100.0 * UDM2/ADM2
UDM2 = EMA(UDM1, second smoothing period)
ADM2 = EMA(ADM1, second smoothing period)
UDM1 = EMA(UDM, first smoothing period)
ADM1 = EMA(ADM, first smoothing period)
UDM = Close - Previous page closes
ADM = ABS(UDM)
Attachment download
📎true_strength_index.mq5 (10.84 KB)
Source: MQL5 #22783
True_Strength_Index - MetaTrader 5 script usage and filtering suggestions
True_Strength_Index - MetaTrader 5 script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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