TSI Bollinger Band
NOTE: This Bollinger Band based indicator
is no longer available as a stand-alone product. It, along with 7 others, have been incorporated into the
Bollinger Band Suite.
Click here to see a full size chart
Description
- Indicator visualizes when the Momentum
oscillator changes condition. This works very nicely in conjunction with trend based indicators.
- You can choose if the color change is expressed from one of two conditions:
- 1. One color when line is above the Zero line and one color when line is below the Zero line.
- 2. One color for upward line movement and one color for a downward movement.
Key Features
Trend Mode:
- When the TSI dots rise outside of the upper Bollinger Band, a Buy signal is generated shown as an Up Arrow.
- When the TSI dots fall outside of the lower Bollinger Band, a Sell signal is generated shown as a Down Arrow.
CounterTrend Mode:
- When the TSI dots fall from outside of the upper Bollinger Band, a Sell signal is generated shown as a Down Arrow.
- When the TSI dots rise from outside of the lower Bollinger Band, a Buy signal is generated shown as an Up Arrow.
- By Default, the indicator's alerts will oscillate between buying and selling.
- When set to show re-entries, it will show all signals regardless of trade direction. Re-entries may be helpful for choosing areas to take profit or re-enter a position if stopped out on a previous trade.
- The indicator will optionally show divergence in price vs TSI, illustrated by Buy and Sell triangles and lines above/below price bars.
- Audible alerts sounds can be set to built-in or custom .wav files.
- The indicator's colors can be customized.
