DESCRIPTION:
The True Strength Index (TSI) is a indicator that is exclusive on double smoothed cost changes. Price change represents momentum in its truest type.
The smoothing that is dual two exponential moving averages decreases the noise and creates an oscillator that tracks price very well. As well as the oscillator that is typical, chartists can frequently draw trend lines, help lines and resistance lines directly on TSI. These are able to be employed to produce signals based on breakouts and breakdowns. As with every indicators, TSI signals should really be verified along with other indicators and analysis techniques.
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