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True Strength Index / RSI Crossover

Paul Allen

New member
Afternoon TOS wizards. I've been adding/combining the TSI to my RSI lower study and using the cross as part of my trading plan. Any way I can add an audible alert on the cross? Shanks in advance.
 
Solution
S1lONPB.jpg


Lower chart indicators that display right-hand values in percentages is indicative of a ToS error message.
This means that there are multiple indicators in the chart display which are not on the same scale.

While they sometimes present a pretty picture. They are meaningless.
ToS is saying that it just shoved them together even though they have no relationship to each other.

It is not possible to find a cross between two indicators whose scales never cross.

If you search the forum for "normalized"; there are coders who have taken on the challenge of "re-scaling" indicators.
You should think twice before taking on such a coding challenge.
The results are spotty.

And the TSI and the RSI are both trend/momentum indicators...
S1lONPB.jpg


Lower chart indicators that display right-hand values in percentages is indicative of a ToS error message.
This means that there are multiple indicators in the chart display which are not on the same scale.

While they sometimes present a pretty picture. They are meaningless.
ToS is saying that it just shoved them together even though they have no relationship to each other.

It is not possible to find a cross between two indicators whose scales never cross.

If you search the forum for "normalized"; there are coders who have taken on the challenge of "re-scaling" indicators.
You should think twice before taking on such a coding challenge.
The results are spotty.

And the TSI and the RSI are both trend/momentum indicators.
Thus, they are collinear. They are telling you the same thing; not giving you any added value.
https://usethinkscript.com/threads/...nt-to-successful-trading-in-thinkorswim.6114/
 
Solution

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S1lONPB.jpg


Lower chart indicators that display right-hand values in percentages is indicative of a ToS error message.
This means that there are multiple indicators in the chart display which are not on the same scale.

While they sometimes present a pretty picture. They are meaningless.
ToS is saying that it just shoved them together even though they have no relationship to each other.

It is not possible to find a cross between two indicators whose scales never cross.

If you search the forum for "normalized"; there are coders who have taken on the challenge of "re-scaling" indicators.
You should think twice before taking on such a coding challenge.
The results are spotty.

And the TSI and the RSI are both trend/momentum indicators.
Thus, they are collinear. They are telling you the same thing; not giving you any added value.
https://usethinkscript.com/threads/...nt-to-successful-trading-in-thinkorswim.6114/
TY!
 

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