TS100 Indicator

TS100 is a modification in True Strength Index (TSI) Indicator.

TS100 converts the TSI indicator into the oscillator format. It oscillates between 0 and 100.

TS100 above 50 is bullish and below 50 is bearish. TS100 above 75 is an overbought zone and TS100 below 25 is an oversold zone. If the TS100 crosses above the average line, it indicates a bullish crossover, while if it crosses below the average line, it indicates a bearish crossover.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.