ARTICLE SYNOPSIS...TRUE STRENGTH INDEX The formula for the true strength index is ... where: Mtm= one-day change in closing price Mtm| = absolute value of Mtm Er = exponential smoothed moving average of r days Es = exponential smoothed moving average of s days ....
ARTICLE SYNOPSIS...Trading With The True Strength Index by William Blau The true strength index, which was introduced late last year in these pages, may be considered to be a cross between a relative strength indicator and a moving average convergence/divergence indicator
ARTICLE SYNOPSIS...True Stength Index by William Blau Price momentum oscillators are popular tools for traders because the nature of these technical tools is to signal trend changes, something every trader wants to know. The ideal indicator would alert the trader to a cha