Trend Shift Indicator v2.0 [Bradford Fournier]

17. Juni 2019

TSI v2.0-- Early Trend Shift Indicator Version 2.0



PURPOSE: This indicator detects early changes in trends and provides confirmation

TSI aims to do the following simultaneously:

• detect trend changes early
  
• provide a means of trend confirmation -- while still being early in the cycle change
  
• provide an early indication of trend changing away from positive.
  

SIGNALS
EARLY SELL: Green peaked and decreasing
SELL: GREEN TO RED
(STRONG SELL: TSI peaked and crossunder "overbought input(180)")

BUY: RED TO GREEN

NOTE: Version 1 is still operative and updated. This is simply an alternative version for those who prefer it. SEE CHANGES BELOW


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VERSION 2 CHANGES:

• Earlier reversal indications.
  
• Dynamic risk range. (yellow filler)
  [*}Overlay for signal confirmation
  

17. Juni 2019

Versionshinweise

1. Minor changes to overbought signal.

2. +/- 5 min of open close not filled by indicator.

Default moving average for signal line changed.

20. Juni 2019

Versionshinweise

Updated to give user more control over the smoothing of signal line.

Updated to give maximum values at different loo-back periods.

20. Juni 2019

Versionshinweise

Added adaptable TSI high values.

Added conservative sell signals (should execute about 1 or 2 per view period.

21. Juni 2019

Versionshinweise

Fewer false positives.

Default length updated