Shadow_True_Strength_Index - MetaTrader 5 Script - MT4/MT5 Resource

shadow true intensity index Oscillator with two signal lines (TSI shaded).

It has ten tunable parameters:

TSI = 100.0 * UDM2/ADM2
Shadow1 = MA(TSI, first shadow period, first shadow method)
Shadow2 = MA(Shadow1, second shadow period, second shadow method)

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

📎 shadow_true_strength_index.mq5 (17.71 KB)

Source: MQL5 #22784