Indicator Formula

Technical Details — True Strength Index (TSI)
Section titled “Technical Details — True Strength Index (TSI)”Overview
Section titled “Overview”The True Strength Index calculation produces a bounded oscillator measuring momentum.
Mathematical Derivation
Step 1 — Calculate TSI
Section titled “Step 1 — Calculate TSI”Purpose: Derive the True Strength Index value.
See the True Strength Index formula derivation in technical references.
Where:
- Period parameters control lookback sensitivity
What This Measures: Momentum strength and direction
Compact Formula Summary
Refer to True Strength Index formula for compact notation.
Defaults: Long Period = 25 bars, Short Period = 13 bars
Complete Calculation Example
See the True Strength Index technical documentation for worked calculation examples.
Key Takeaways from the Example
- Period sensitivity: Shorter periods = more signals, longer = smoother
- Threshold selection: Adjust based on asset volatility
- Signal line: Smoothed version for crossover timing