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True Strength Indicator/Easy Language programming problem
True Strength Indicator/Easy Language programming problem
eseeker
Vero Beach Florida
Posts: 8 since Dec 2011
Thanks Given: 1
Thanks Received: 1
I'm new to this blog, but an old time trader who has been inactive for several years. Decided to get back into the fray, and am seeking info on a programming problem in EasyLanguage. The TSITrader.com website has had some good results using the True Strength Indicator. I have been tracking it in FreeStockCharts.com by Worden. Interested in using it to confirm divergence on the emini ES. In importing the formula into Global Futures, Global Zen platform, I'm getting compile errors because the program does not recognize TSI. Global Futures does not support programming problems. If anyone can help me, I will display the formula. Thanks, Dick Frederick
Moved from Index Futures
Moved to EasyLanguage Programming
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eseeker
Vero Beach Florida
Posts: 8 since Dec 2011
Thanks Given: 1
Thanks Received: 1
I copied the following formula into Global Futures Global Zen Platform and was unable to compile it. GF does not support Easy Language programming. Would appreciate any help you can offer.
Here is Blau's True Strength Index. It double smooths momentum and then presents a signal line.
Blau was fascinated by double, triple smoothing changes in momentum and how a system could be built around them.
Basically, if the TSI is above zero and rising (above signal line) then the market is up. If the TSI is above zero but stepping down and below the signal line then you can't tell if the trend has changed or its just a consolation.
So in his deal you only trade when the TSI was > 0 and above the signal line or when the TSI < 0 and below the signal line. He says that is the only time when you have a clear sense of what the market is(has) doing(done).
John
First: Create the Function TSI:
code: // Function: TSI [LegacyColorValue = true]; inputs: Price(NumericSeries), Raw(NumericSimple), Smooth(NumericSimple), U(NumericSimple); vars: NetChg(0); NetChg = Price - Price[1]; Value1 = 100 * XAverage(XAverage(XAverage(NetChg,Raw),Smooth),U); Value2 = XAverage(XAverage(XAverage(AbsValue(NetChg),Raw),Smooth),U); if Value2 <> 0 then TSI = Value1 / Value2 else TSI = 0;
Compile Errors were:
21 Unknown symbol: TSI
21 Wrong sybmbol on left side: TSI
23 Unknown symbol: TSI
23 Wrong sybmbol on left side: TSI
32 Variable 'Price" is already defined
33 Variable 'Raw" is already defined
39 Unknown symbol: TSI
22 Cannot compile: True Strength Ind
I'm thinkin most ppl on this site are not familiar with GF, so you may need to provide more info. Is it based on another platform and/or what language does it use?
eseeker
Vero Beach Florida
Posts: 8 since Dec 2011
Thanks Given: 1
Thanks Received: 1
Global Zen platform found on the Global Futures website, uses OpenECry as a programming language. I was mistaken when I said it was Easy Language.
