Re: True Strength Index

["Larry & Paula" <larry@xxxxxxxxxx>]

Active Trader
<A 
href="http://www.activetradermag.com";>www.activetradermag.com
 
January 2002
Volume 3, No. 1
 
The True Strength Index
by Thom Hartle
 
"The True Strength Index (TSI) is a momentum-based 
indicator. developed by Wiloliam Blau, designed to determine both the trend and 
the overbought-oversold conditions.  The TSI is applicable to intraday time 
frames as well as longer term horizons."
 
and 5 pages more
 
Larry
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  neo 
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
  Sent: Friday, January 04, 2002 6:10 
  AM
  Subject: RE: True Strength Index
  
  Can 
  I ask further what the rational is? I receive TASC and ordered Active Trader 1 
  year ago. Still waiting for it to arrive.
  <FONT face=Arial color=#008080 
  size=4> 
  <FONT face=Arial color=#008080 
  size=4>neo
  
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: <A 
    href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx 
    [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Larry & 
    PaulaSent: Wednesday, January 02, 2002 5:45 PMTo: <A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject: 
    Re: True Strength Index
    From Active Trader
     
    100*(Mov(Mov((CLOSE - 
    Ref(CLOSE,-1)),25,E),13,E))/(Mov(Mov(Abs(CLOSE - 
    Ref(CLOSE,-1)),25,E),13,E))
     
    Enjoy
    Larry
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      ----- Original Message ----- 
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
      neo 
      To: <A title=metastock@xxxxxxxxxxxxx 
      href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
      Sent: Wednesday, January 02, 2002 
      12:58 PM
      Subject: RE: True Strength 
Index
      
      <FONT face=Arial color=#008080 
      size=4>Would you mind posting the formula?
      <FONT face=Arial color=#008080 
      size=4> 
      <FONT face=Arial color=#008080 
      size=4>Thanks
      
        <FONT face=Tahoma 
        size=2>-----Original Message-----From: <A 
        href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx 
        [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of William 
        GrossSent: Wednesday, January 02, 2002 2:23 PMTo: 
        <A 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject: 
        True Strength Index
        Has anyone system tested to see if the 
        25/13 periods used in the formula for theTrue Strength Index in the 
        Active Trader Magazine article this month is better or worse than some 
        alternatives (like 17/9)? Especially on a 15 minute 
chart...
         
        William Gross
        Venice 
  CA