True Strength Index MT5 Indicator


True Strength Index oscillator.

It has four adjustable parameters:

  • First smoothing period – primary smoothing period
  • Second smoothing period – secondary smoothing period
  • Overbought – overbought level
  • Oversold – oversold level


TSI = 100.0 * UDM2 / ADM2


UDM2 = EMA(UDM1, Second smoothing period)
ADM2 = EMA(ADM1, Second smoothing period)

UDM1 = EMA(UDM, First smoothing period)
ADM1 = EMA(ADM, First smoothing period)

UDM = Close – PrevClose

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True Strength Index MT5 Indicator


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