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Need help - TSI - Function in ACSIL


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Need help - TSI - Function in ACSIL

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 ejtrader 
Portland, OR
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES
Posts: 269 since Jan 2011
Thanks Given: 327
Thanks Received: 180

Hello - Can any one help with converting this function to ACSIL? There is built in True strength indicator(scsf_TrueStrengthIndex) available in Sierra but - I would like to have it in more generic form - where it can be called multiple times with various parameters.

Thanks in advance.

Here is the TS Code:

TSI Function:
----------------
 
Code
{TSI function = True Strength Index by Bill Blau}

{FORMAT: TSI(Price,r,s,u)
Where: r = length of first EMA smoothing of 1 day momentum,
s = length of second EMA smoothing of 1 day smooting,
u = length of third EMA smooting of 1 daymomentum.}

Inputs:
Price(NumericSeries), r(NumericSimple), s(NumericSimple), u(NumericSimple);

Value1= 100*TXAverage(Price-Price[1],r,s,u) ; { Numerator }
Value2=TXAverage(AbsValue(Price-Price[1]),r,s,u) ; { Denominator }

If Value2 <> 0 then TSI = Value1 / Value2 else TSI = 0;
TXAverage Function:
--------------------------
 
Code
{TXAverage function

FORMAT: TXAverage(Price,r,s,u) }

Inputs: Price(NumericSeries), r(NumericSimple),s(NumericSimple),
u(NumericSimple);

TXAverage = XAverage(XAverage(XAverage(Price,r),s),u) ;

Indicator code (to demonstrate the repeat use of the function - Which I am unable to replicate in Sierra):
-------------------
 
Code
plot1(xaverage(TSI(High,10,20,30),5));
plot2(xaverage(TSI(Low,10,20,30),5));

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Last Updated on September 11, 2012


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