Индикатор Tsi Форекс

The True Strength Index (TSI) indicator for MetaTrader4 is a technical tool that was designed by William Blau during the early ’s.

As a momentum-based indicator, it performs the core functions of spotting trends along with over-bought/over-sold conditions of a financial instrument by using the near-term purchasing momentum of the market with the lagging advantages of moving averages.

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Example Chart

The True Strength Index (TSI) indicator fluctuates between the positive and negative region, with the center signal line determining the overall bias as with most momentum oscillators.

When the TSI is positive it denotes buyers having the momentum edge, while a negative TSI denotes sellers having the momentum edge.

Trend reversals can also be predicted using the True Strength Index (TSI), as traders can look for bullish and bearish divergences in anticipation of trend reversals.

The True Strength Index (TSI) is able to track underlying price a great deal i.e. sustained moves in either directions can be captured by the TSI. This means that the peaks and trough of the indicator will in most cases match those of price action.

Please bear in mind that if you alter the values or periods in the True Strength Index (TSI) parameter settings, the indicator will react to price movement appropriately. For instance, if you compute the True Strength Index for 45 periods, you will essentially minimize its sensitivity when compared to when computing for 14 periods.

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MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (First_R, Second_3), Colors, width & Style.

Time frames: 5-Minutes, Minutes, Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: momentum oscillator, trend, support and resistance

How the TSI Works

Technical analysis is a trading strategy that is used by certain traders to identify entry and exit opportunities. This is done by researching and evaluating the past performance of an asset, security, or market and making predictions about its direction. Traders use different tools and techniques to pinpoint opportunities. This includes the true strength index, which was created by author and trader William Blau in

The TSI is an oscillator that measures the strength of an asset or market's price movement over time as well as any directions in that price. The index is primarily used to identify overbought and oversold conditions in an asset's price. It also helps traders spot divergence, identify trend direction and changes via the centerline, and highlight short-term price momentum with signal line crossovers.

Since the TSI is based on price movements, oversold and overbought levels tend to vary according to the asset being traded. Some stocks may reach +30 and before tending to see price reversals, while other stocks may reverse near +20 and

On the asset being traded, trades can mark extreme TSI levels to see the points that represent where assets are overbought and oversold. Traders typically watch for other signals to trigger a trade decision. For example, they may wait for the price or TSI to start dropping before selling in overbought territory. Alternatively, they may wait for a signal line crossover.

How to Interpret the TSI

As noted above, the TSI can help traders identify trends and patterns based on different levels, crossovers, and divergence. Below, we explain how it applies to signal line crossovers and centerline crossovers as well as breakouts and divergence.

Signal Line Crossovers

The TSI has a signal line, which is usually a seven- to period EMA of the TSI line. A signal line crossover occurs when the TSI line crosses the signal line. When the TSI crosses above the signal line from below, that may warrant a long position. When the TSI crosses below the signal line from above, that may warrant selling or short selling.

Signal line crossovers occur frequently, so should be utilized only in conjunction with other signals from the TSI. For example, buy signals may be favored when the TSI is above the centerline (above zero). Or sell signals may be favored when the TSI is in overbought territory.

Centerline Crossovers

The centerline crossover is another signal the TSI generates. Price momentum is positive when the indicator is above zero and negative when it is below zero.

Some traders use the centerline for a directional bias. For example, a trader may decide only to enter a long position if the indicator is above its centerline. Conversely, the trader would be bearish and only consider short positions if the indicator's value is below zero.

Breakouts and Divergence

Traders can use support and resistance levels created by the TSI to identify breakouts and price momentum shifts. For instance, if the indicator breaks below a trendline, the price may see continued selling.

Divergence is another tool the TSI provides. If the price of an asset is moving higher while the TSI is dropping, that is called bearish divergence and could result in a downside price move. Conversely, if the TSI is rising while the price is falling, that could signal higher prices to come. This is called bullish divergence.

Divergence is a poor timing signal, so it should only be used in conjunction with other signals generated by the TSI or other technical indicators.

The TSI vs. the Moving Average Convergence Divergence (MACD) Indicator

The TSI is just one tool that traders can use to identify trends, patterns, and changes in the market. Another tool commonly used by technical analysts is the moving average convergence divergence (MACD).

Both indicators are used in similar ways for trading purposes, yet they are not calculated the same and will provide different signals at different times. The TSI smooths price changes to create a technical oscillator. The MACD indicator, on the other hand, measures the separation between two moving averages.

Limitations of the TSI

Many of the signals provided by the TSI are commonly false signals. This means the price action will be different than expected following a trade signal. For example, during an uptrend, the TSI may cross below the centerline several times, but then the price proceeds higher even though the TSI indicates momentum has shifted down.

Signal line crossovers also occur so frequently that they may not provide a lot of trading benefits. Such signals need to be heavily filtered based on other elements of the indicator or through other forms of analysis. The TSI will also sometimes change direction without the price changing direction, resulting in trade signals that look good on the TSI but continue to lose money based on price.

Divergence also tends to be unreliable on the indicator. Divergence can last so long that it provides little insight into when a reversal will occur. Keep in mind that divergence isn't always present when price reversals do occur.

The Bottom Line

The true strength index is a technical oscillator that can help you identify market trends, signals, and patterns. Using the formula above, you can calculate the TSI. But as with anything else, do your due diligence when using the TSI as part of your investment strategy. Do your research before you adopt any investment strategy or tool. When you're sure it fits your goals, make sure you combine it with other tools to help mitigate any losses.