TSI Oscillator
Info
The TSI Oscillator is a Indicator for MetaTrader 5 that tsi oscillator - a normalized oscillator with signal linethe tsi oscillator is a technical indicator that typically ranges from -100 to +100 and includes a signal line for trend confirmation. It supports a variety of smoothing methods, allowing for flexible analysis:- Simple Moving Average (SMA)- Exponential Moving Average (EMA)- Smoothed Moving Average (SMMA)- Linear Weighted Moving Average (LWMA)- JMA Adaptive Average- Ultralinear Smoothing- Parabolic Smoothing- Tillson's Multiple Exponential Smoothing- Smoothing using Tushar Chande's Algorithm- Smoothing using Perry Kaufman's AlgorithmIt is important to note that the phase type parameters vary significantly across different smoothing algorithms:- For JMA, it is an external phase variable ranging from -100 to +100.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use TSI Oscillator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
TSI Oscillator - A Normalized Oscillator with Signal LineThe TSI Oscillator is a technical indicator that typically ranges from -100 to +100 and includes a signal line for trend confirmation.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: long-term trend trix oscillator for metatrader 5 - another powerful indicator for MetaTrader 5 traders.
TSI Oscillator - A Normalized Oscillator with Signal LineAlso recommended: stochastic oscillator indicator for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
The TSI Oscillator is a technical indicator that typically ranges from -100 to +100 and includes a signal line for trend confirmation.
It supports a variety of smoothing methods, allowing for flexible analysis:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Smoothed Moving Average (SMMA)
- Linear Weighted Moving Average (LWMA)
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's Algorithm
- Smoothing using Perry Kaufman's Algorithm
It is important to note that the phase type parameters vary significantly across different smoothing algorithms:
- For JMA, it is an external phase variable ranging from -100 to +100.
- For T3, it is a smoothing ratio multiplied by 100 for enhanced visualization.
- For VIDYA, it represents the CMO oscillator period.
- For AMA, it signifies the slow EMA period.
In other algorithms, these parameters do not influence the smoothing process.
For AMA, the fast EMA period is a fixed value, defaulting to 2. The ratio for raising to the power is also set to 2 for AMA.
This indicator utilizes classes from the smoothalgorithms.mqh library. Ensure this library is copied to your terminal_data_folder\mql5\include directory. The usage of these classes is detailed in the accompanying article.
You may also like: channel and stochastic oscillator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_line
#property indicator_color1 clrdarkorchid
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.