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Trend Intensity Index (TII)

Trend Intensity Index With SignalLineHi guys, This is my first public script on TV. I was just messing about with some simple ideas and I noticed that the difference between a signalLine and the TrendIntensity line was (potentially and theoretically) a good way of spotting a ranging market. I was initially just going to release Evergets version of this with a histogram and a signal-line, but I decided I'd much rather put in the work and code it from scratch so I could practice my coding. I am still relatively new to Pinescript, but I have compared this to Evergets version, and on the same settings it is 1 to 1. How to use: When TrendIntensity(aqua) is above SignalMa (maroon), it implies a bullish sentiment. When SignalMa is above TrendIntensity, it implies a bearish sentiment. The histogram is simply the absolute difference between the two. Green = bullish, Red = bearish, flat = potentially ranging. Enjoy guys. I would like to thank Everget for his Jurik moving average. Feedback welcome, but be kind... this is free and open for you all to use as you please.
Indikator Pine Script®
oleh bennycjonesmusic
Diupdate
1313
Trend Intensity IndexTrend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
Indikator Pine Script®
oleh everget
Diupdate
33

Pilih data pasar yang disediakan oleh ICE Data Services. Pilih data referensi yang disediakan oleh FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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