True Strength Indicator BTCUSD 2H

Script based on True Strength Index (TSI) and RSI

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.

!!! IMPORTANT IN ORDER TO AVOID REPAITING ISSUES
!!! USE Chart resolution >= resCustom parameter, suggestion 2H

Yellow zones indicates that you can claim position for better profits even before a claim confirmation.
Dark zones indicates areas where RSI shows overbought and oversold conditions.


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