TRUE STRENGTH INDICATOR (TSI) - DOCUMENTATION (DESCRIPTIONS OF EXISTING RULES/INDICATORS)

[Cal231995]

Meaning, descriptions, formula. https://www.investopedia.com/terms/t/tsi.asp

Allocation Strategy The strategy is to identify the oversold and overbought markets and a momentum indicator

Bullish Momentum: when the tsi line cross above signal line Bearish Momentum: when signal line cross above tsi line

The theory suggests that asset price will have a bullish momentum when the tsi line cross above signal line and vice versa. So: if TSI LINE > SIGNAL LINE then allocation = max_allocation(long position)

if TSI LINE < SIGNAL LINE then allocation = -max_allocation(short position) else: allocation = 0

[Cal231995]

Meaning, descriptions, formula. https://www.investopedia.com/terms/t/tsi.asp

Allocation Strategy The strategy is to identify the oversold and overbought markets and a momentum indicator

Bullish Momentum: when the tsi line cross above signal line Bearish Momentum: when signal line cross above tsi line

The theory suggests that asset price will have a bullish momentum when the tsi line cross above signal line and vice versa. So: if TSI LINE > SIGNAL LINE then allocation = max_allocation(long position)

if TSI LINE < SIGNAL LINE then allocation = -max_allocation(short position) else: allocation = 0

Default Values

[Cal231995]

The True Strength Index (TSI) is a momentum indicator used to identify overbought and oversold signals. It can also be used to indicate trend reversals using bullish and bearish crossover of the signal line and tsi line.

@fhashim you can used this description. I composed this myself. thank you