The trend strength indicator is:
>>Divide Bollinger Band Width and ADX independently by their 200 day moving averages and take an average of the two results.<<
Using ADX Raw (see Roy's msg 25164 for cut and paste) and having an abundance of parens I think the code is:
Bbot:=BBandBot( C,20,S,2) ;
Btop:=BBandTop( C,20,S,2) ;
Bsprd:=Btop- Bbot;
Bavg:=Mov(Bsprd, 200,S);
ADXavg:=Mov( Fml("ADX Raw"),200,S) ;
TSI:=((Bsprd/ Bavg)+(Fml( "ADX Raw")/ADXavg) )/2;
TSI;
You may want to add .5, 1 1.5 as horizontal lines since these seem to be points of interest. See slide 24
It appears that like ADX the indicator is for trend STRENGTH not direction.
--- In equismetastock@ yahoogroups. com, pumrysh <no_reply@xx .> wrote:
>
> Lionel,
>
> A very good friend passed me a copy.
>
> I have uploaded it into the files section for you.
>
> Its under STA Meeting May 2009.
>
> Preston
>
>
>
> --- In equismetastock@ yahoogroups. com, "Lionel Issen" <lissen@> wrote:
> >
> > I went to this address. I could not find any download options, there was an
> > upload option.
> >
> >
> >
> > Can you give me a few more instructions to download this file?
> >
> >
> >
> > Thanks,
> >
> >
> >
> > Lionel
> >
> >
> >
> >
> >
> > From: equismetastock@ yahoogroups. com [mailto:equismetastock@ yahoogroups. com]
> > On Behalf Of Alex Spiroglou
> > Sent: Wednesday, May 13, 2009 8:39 AM
> > To: equismetastock@ yahoogroups. com
> > Subject: [EquisMetaStock Group] STA Meeting
> >
> >
> >
> >
> >
> >
> >
> >
> > I have uploaded yesterday's presentation on Trend Strength
> > http://www.filedrop per.com/sta2009
> > Click on "Download this file"
> >
> >
> >
> >
> >
> >
> >
> >
> > --
> > Alex Spiroglou
> >
>