PROTECTED SOURCE SCRIPT
stelaraX - TSI
stelaraX – TSI
stelaraX – True Strength Index (TSI) is a momentum oscillator designed to measure the strength and direction of price movement using double-smoothed price changes. By emphasizing sustained momentum and filtering short-term noise, it provides a clear view of underlying market pressure.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The True Strength Index evaluates price momentum by comparing double-smoothed price changes to double-smoothed absolute price changes and normalizing the result.
Key principles:
* price change reflects directional momentum
* double smoothing reduces noise and false signals
* normalization expresses momentum on a bounded scale
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* extreme readings highlight stretched momentum conditions
* a signal line provides additional confirmation
Crossovers between the TSI and its signal line often indicate shifts in momentum strength.
Visualization
The script plots:
* the True Strength Index line in a separate indicator pane
* a smoothed signal line for confirmation
* a zero reference line for directional context
* dashed threshold levels highlighting momentum extremes
* individually configurable colors for TSI and signal
This layout offers a clean and informative view of momentum dynamics.
Use case
This indicator is intended for:
* identifying momentum direction and strength
* confirming trend continuation or exhaustion
* detecting momentum reversals
* spotting divergences between price and momentum
* supporting swing trading and momentum-based strategies
It performs well in trending markets and integrates effectively with trend filters or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – True Strength Index (TSI) is a momentum oscillator designed to measure the strength and direction of price movement using double-smoothed price changes. By emphasizing sustained momentum and filtering short-term noise, it provides a clear view of underlying market pressure.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The True Strength Index evaluates price momentum by comparing double-smoothed price changes to double-smoothed absolute price changes and normalizing the result.
Key principles:
* price change reflects directional momentum
* double smoothing reduces noise and false signals
* normalization expresses momentum on a bounded scale
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* extreme readings highlight stretched momentum conditions
* a signal line provides additional confirmation
Crossovers between the TSI and its signal line often indicate shifts in momentum strength.
Visualization
The script plots:
* the True Strength Index line in a separate indicator pane
* a smoothed signal line for confirmation
* a zero reference line for directional context
* dashed threshold levels highlighting momentum extremes
* individually configurable colors for TSI and signal
This layout offers a clean and informative view of momentum dynamics.
Use case
This indicator is intended for:
* identifying momentum direction and strength
* confirming trend continuation or exhaustion
* detecting momentum reversals
* spotting divergences between price and momentum
* supporting swing trading and momentum-based strategies
It performs well in trending markets and integrates effectively with trend filters or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.