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Trend Intensity Index by M.H. Pee
In his article in this issue, M.H. Pee introduces the trend intensity index and trend
intensity index trade position. These indicators can be easily recreated in MetaStock 6.52 or higher.

To create an indicator in MetaStock, select the "Indicator Builder" from the Tools menu, click New, enter the code for the indicator, and then click OK. Repeat for the remaining indicators.

Trend Intensity Index

x:=Input("number of periods", 5,100,30);
ma:=Mov(C,2*x,S);
sdp:=Sum(If(C-ma>0, C-ma,0),x);
sdm:=Sum(If(ma-C>0, ma-C,0),x);
(sdp/(sdp + sdm)) * 100

 

 


Trend Intensity Index - Trade Position

x:=Input("number of periods", 5,100,30);
ma:=Mov(C,2*x,S);
sdp:=Sum(If(C-ma>0, C-ma,0),x);
sdm:=Sum(If(ma-C>0, ma-C,0),x);
tii:= (sdp/(sdp + sdm)) * 100;
If(tii>=80, 1, If(tii<=20,-1, 0))

 

When plotting the trade position formula, a value of 1 indicates a long position and a value of -1 indicates a short position. If you have questions creating an indicator, call us at 801 265-9998 or e-mail us at support@equis.com.

-William Golson, Equis International, Inc.

Source / From: TOP
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