That’s two things though
Relative Strength Index (RSI)
We have slow and fast options (fast being more sensitive)
What I’d love to see is TSI, we only have RSI.
StochRSI is a mix between RSI and Stochastic.
I’ve never used TSI before. I’ll have a look on TradingView.
Thx for mentioning it
So it’s applying the Stochastic oscillator formula to RSI values, won’t that be quite volatile? I’ll definitely take a look at that.
Yeah TSI over RSI.
Well the erratic nature of an indicator really depends on your settings as well as the timescale you’re on. For StochRSI I tend to change the source from (close) to (open,high,low,close) to smooth the signal.
Just played around with TSI for a bit. It’s very similar to MACD. By using (8,17,9) as MACD settings, I’m actually getting better signals…
Did you ask for it to be added ?
TSI I don’t think I have.
What I would like to see is vwap