True Strength Index with Bollinger Bands - ThinkOrSwim Programming | futures io social day trading
futures io futures trading


True Strength Index with Bollinger Bands
Updated: Views / Replies:1,234 / 1
Created: by DonStar Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

True Strength Index with Bollinger Bands

  #1 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Intermediate
Platform: ToS, TradeGuider, eSignal, AmiBroker
Broker/Data: TD Ameritrade/eSignal
Favorite Futures: Stocks
 
DonStar's Avatar
 
Posts: 68 since Dec 2011
Thanks: 28 given, 41 received

True Strength Index with Bollinger Bands

I am looking for the TSI with its own Bollinger Bands.

It would be like the MACD with Bollinger Bands only using the TSI instead of the MACD.

Need this for the think or swim platform.

Any help I can get it will be greatly appreciated.

Thank you,

Don

Reply With Quote
 
  #2 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
rmejia's Avatar
 
Posts: 384 since Oct 2010
Thanks: 3,597 given, 421 received

Gave it a shot:

 
Code
declare lower;

# True Strength Index

input longLength = 25;
input shortLength = 13;
input signalLength = 8;
input averageType = AverageType.EXPONENTIAL;

def diff = close - close[1];
plot TSI;
plot Signal;

TSI = (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength))
    / (MovingAverage(averageType, MovingAverage(averageType, AbsValue(diff), longLength), shortLength)) * 100;
Signal = MovingAverage(averageType, TSI, signalLength);

plot ZeroLine = 0;

TSI.SetDefaultColor(GetColor(1));
Signal.SetDefaultColor(GetColor(8));
Signal.Hide();
ZeroLine.SetDefaultColor(GetColor(5));


# Bollinger Bands

input BbLength = 20;
input BbNum_Dev = 2.0;

plot BB_Upper = reference BollingerBands(price = TSI, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).UpperBand;
plot BB_Lower = reference BollingerBands(price = TSI, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).Lowerband;
plot BB_Midline = reference BollingerBands(price = TSI, length = BBlength, Num_Dev_Dn = -BBNum_Dev, Num_Dev_Up = BBNum_Dev).MidLine;

Reply With Quote
The following user says Thank You to rmejia for this post:

Reply



futures io > > > > > True Strength Index with Bollinger Bands

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bollinger Bands with Color JasonX NinjaTrader 15 April 29th, 2016 03:57 AM
True strength index Billo The Elite Circle 2 June 18th, 2014 08:29 PM
True strength index boon MetaTrader 6 August 11th, 2012 01:44 PM
True Strength Index Jeff Castille The Elite Circle 149 January 22nd, 2012 11:08 PM
Bollinger Bands MWinfrey Traders Hideout 8 February 8th, 2011 08:02 AM


All times are GMT -4. The time now is 07:15 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.06 seconds with 19 queries on phoenix via your IP 54.226.113.250