True strength Index (TSI) is a VTL momentum oscillator based on a double smoothing of price changes. Works like other oscillators, the true strength indicator is a variation of the relative strength index. The True Strength Index (TSI) is an extremely responsive momentum indicator with very little lag time in its representation of price movement momentum. It is designed so that when it is rising above zero, price is also rising.  Also, when the indicator is falling below zero, price is also falling.

How to trade With TSI

The indicator crossing above/below zero line can be taken as trend changes. It can be used as an over bought over sold indicator. Leves of -50 and + 50 be taken as oversold over bought.  Divergence can be used to enter trades. See the chart. At point 1 in chart TSI crosses above its zero line after a down trend and a new uptrend emerges. At point 2, TSI crosses below zero line and down trend emerges. Point 3 in chart shows a divergence at top, price makes a new highs while TSI fails to make new highs. This indicates momentum waining for the uptrend and trend reversal is imminent.



  • Download the attachment.
  • Copy it to your company VertexFX  Local VTL Files folder i.e. C:\Program Files\Company Name\vtl10\Local VTL Scripts\
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.
Rate this product
0 vote

Listings details

License Price
13 May 2014

Share This!

vStore Memebership

Search Plugins

Try VertexFX

Community Forum

Ask, Share, Engage

Enter Forum

Project Zone

A Trader or A Developer?

Enter the Project Zone

Latest Projects

Sponsored Ad

VBL Smart Dealery

Latest Plugins

VertexFX Interactive...
VertexFX Interactive Analyser
Description: VertexFX Interactive Analyser Plugin analyzes currency price charts and other market activity. The software identifies the signals – including sp ...
Outside Inside Bar
Outside Inside Bar
Description: Outside Inside Bar is a candlestick chart pattern where an inside bar is immediately followed by an outside bar. An inside bar is a bar with i ...
Double Inside Bar
Double Inside Bar
Description: Double Inside Bar is a Client Side VTL indicator. The Double inside bar is a price action candles stick pattern where two inside bars form succ ...

Most Reviewed Plugins

VertexFX Margin Call
VertexFX Margin Call
Description: *We have reviewed our prices for the next two months. Take the opportunity and get our plugins in a very competative price, before they back agai ...
VertexFX Bridge
VertexFX Bridge
Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing and risk management purpo ...
Butterworth 2 Pole
Butterworth 2 Pole
Description: The Two Pole Butterworth filter is a VertexFX Indicator which uses smoothing method termed as low-pass filters to reduce the lag between the cu ...

Featured Plugins

Description: Spyker is a VertexFX client side VTL Indicator, that identifies sudden price jumps or spike bars in a chart. The price spikes happens usually ...
RD Forecast
RD Forecast
Description: RD-Forecast is a powerful VertexFX client side VTL oscillator that provides zero-lag identification of market cycles and turning points. Becaus ...
SAR Oscillator
SAR Oscillator
Description: SAR Oscillator, is a powerful VertexFX client side VTL oscillator that provides excellent trend-following entry and exit signals. It is a bou ...

About Us

Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

Read More

Contact us

uk16 UK: +44-2-071-936-008
australia16 Australia: +61-280-114-343
USA Flag USA: +1-845-657-3272
HongKong Flag HK: +852-8199-0933
Jordan Flag Jordan: +962-6-552-0822
 Request a Call Back

Send us Email

Join Our Mailing List


Hybrid Photo Gallery



Expos & Awards


VertexFX 10

Search Plugins

Latest Tweet