Trend Strength Index [TSI]

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Background

TSI is an indicator designed to identify true trend strength. A high TSI value indicates that short-term trend continuation (=follow through)  is more likely than short-term trend reversal (=mean reversion), e.g. NASDAQ100 stocks with a value of greater than 1.65 indicate a healthy trend environment.

The creator of TSI is Frank Hassler from Engineering Returns in cooperation with David Varadi from CSS Analytics.

Formula

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Related posts

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Technical implementation

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Publication

  • Trader’s September 2009 (link)

Trackbacks

  1. [...] Finally, Frank Hassler at Engineering Returns has posted an indicator he made called the TSI. [...]

  2. [...] difference between prices of different time frames or a rate-of-change indicator. The RSI , DVO or TSI indicators are also good candidates. Alternatively you could fit a least square model and evaluate [...]

  3. [...] useful trend filter is Frank Hassler’s Trend Strength Index which can be used in a number of ways to rank markets for their [...]

  4. [...] With this post I want to share an observation I’ve made by tracking my Trend Strength Indicator (TSI). TSI is a non-directional trend strength indicator. A lower TSI is indicating a tendency to mean-reversion while a higher TSI is indicating follow-through action. Read more about TSI [here]. [...]

  5. [...] Trend Strength Indicator [...]

  6. [...] C: same criteria as B incl. market trend strength filter (TSI) [...]

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