THANKS a lot for the code…

I don’t trade that system at all. It only served as an example.

But to answer your question: i’m not a big fan of these MA/ROC based filters. More often they are just a moderator for a different volatility regime.

Regards,
Frank

On a private board someone asked for the thinkscript code of your TSI.
thinkscript is the coding language for thinkDesktop by Thinkorswim.com. Here you have the TOS-study for your visitors too. If you like, I could provide a chart also.

BTW, in the code I use TSX instead of TSI, because most of the time TSI refers to the True Strength Index, published in 1991 by William Blau. I guess he was first

Question: are the entry and exit values of RSI(2) still valid and is your market filter still 50MA & 150ROC or do you use the tandem 20MA & 200MA instead as a filter?
I’m planning to implement the entry and exit levels in a system for TOS.

Thanks for all the work you offer for free!
JW

# — begin script —
# Trend Strength Index TSX
# original by Frank Hassler
# http://engineering-returns.com/

declare lower;

input price = close;
#input lengthATR = 10;
#input lengthROC = 10;
input fastMA = 10;
input slowMA = 100;
input lineValue = 1.65;

def ATR = AvgTrueRange(high, close, low, 10);
def Ratio = AbsValue(close – close[10]) / ATR;

plot TSX = Average(Average(Ratio, fastMA),slowMA);
TSX.SetDefaultColor(GetColor(1));
TSX.setLineWeight(2);

plot line = lineValue;
line.setDefaultColor(GetColor(5));

# — end script —

I’m considering that… what do you mean by surprising myself?

Frank

John

i can not give you any advise on leverage. Simply because I don’t use leverage at all. I’m not ready to enter that area… I’m fine trading my capital 100% (without leverage). Don’t get me wrong, I’m not saying not to use it … i’m just not there.

Frank