True Strength Index - TSI


True Strength Index - TSI
A technical momentum indicator that helps traders determine overbought and oversold conditions of a security by incorporating the short-term purchasing momentum of the market with the lagging benefits of moving averages. Generally a 25-day exponential moving average (EMA) is applied to the difference between two share prices, and then a 13-day EMA is applied to the result, making the indicator more sensitive to prevailing market conditions. After the data is smoothed, some calculations are done to make the indicator fall in a range from +100 to -100, or from +1 to -1.

A signal line (7-day EMA) is usually added - as it is to the moving average convergence divergence indicator - to help identify reversals. In addition, values of -25 and +25, like the levels of 30 and 70 used in the relative strength index, can also be used to identify levels where a security is overbought or oversold. The true strength indicator is a variation of the relative strength index.


Investment dictionary. . 2012.

Look at other dictionaries:

  • True History — Infobox Book name = True History or True Story translator = image caption = author = Lucian of Samosata country = Rome language = Latin genre = Science fiction publisher = Various release date = 2nd century AD isbn = n/a True History or True… …   Wikipedia

  • Money Flow Index - MFI — A momentum indicator that is used to determine the conviction in a current trend by analyzing the price and volume of a given security. The MFI is used as a measure of the strength of money going in and out of a security and can be used to… …   Investment dictionary

  • List of Toaru Majutsu no Index characters — This is a list of characters from the light novel series Toaru Majutsu no Index as well as its manga adaptation, spin off manga (Toaru Kagaku no Railgun), and both series anime adaptations. The series primarily takes place in Academy City, a city …   Wikipedia

  • Oxford Dictionary of Proverbs, Thematic Index — absence absence makes the heart grow fonder he who is absent is always in the wrong the best of friends must part blue are the hills that are far away distance lends enchantment to the view out of sight, out of mind …   Proverbs new dictionary

  • Average Directional Index — The Average Directional Index (ADX) was developed in 1978 by J. Welles Wilder as an indicator of trend strength in a series of prices of a financial instrument. [cite book | author=Wilder, J. Welles | title=New Concepts in Technical Trading… …   Wikipedia

  • Ease of Doing Business Index — The Ease of Doing Business Index is an index created by the World Bank. [ [http://www.doingbusiness.org/ Home Doing Business The World Bank Group ] ] Higher rankings indicate better, usually simpler, regulations for businesses and stronger… …   Wikipedia

  • Global Peace Index — World map of the Global Peace Index 2011. Countries appearing more green are ranked as more peaceful, countries appearing more red are ranked as less peaceful …   Wikipedia

  • The True Story of Ah Q — infobox Book | name = The True Story of Ah Q title orig = Ā Q Zhèngzhuàn translator = image caption = One of the reprints after 1923 with the author and English title on the cover author = Lu Xun illustrator = cover artist = country = China… …   Wikipedia

  • Composite Index of National Capability — The Composite Index of National Capability (CINC) is a statistical measure of national power created by J. David Singer for the Correlates of War project in 1963. It uses an average of percentages of world totals in six different components. The… …   Wikipedia

  • List of Dragon Ball Z Kai episodes — Japanese promotional poster of Dragon Ball Kai Dragon Ball Z Kai (known in Japan as Dragon Ball Kai) is a revised version of the ani …   Wikipedia

  • Tropical cyclone — Hurricane redirects here. For other uses, see Hurricane (disambiguation). Hurricane Isabel (2003) as seen from orbit during Expedition 7 of the International Space Station. The eye, eyewall and surrounding rainbands that are characteristics of… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.