Trend Shift Indicator v2.0 [Bradford Fournier]

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
  

Versionshinweise:

1. Minor changes to overbought signal.

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

Default moving average for signal line changed.

Versionshinweise:

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

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

Versionshinweise:

Added adaptable TSI high values.

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

Versionshinweise:

Fewer false positives.

Default length updated