This indicator tracks intermediate market cycles inspired by Linda Raschke's approach using daily NYSE TICK statistics. It fetches daily high, low, and close values for the TICK index via security requests and computes moving averages of the highs and lows. It
Indicator · Pine Script v5 · Own pane
P-Linear TSI Tar
Calculates a True Strength Index (TSI) oscillator modified with a linear regression line and standard deviation bands.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code268
Settings40inputs
LicenceNone stated
Last updatetoday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
P-Linear TSI Tar plots the regression line in a separate pane along with static reference levels at zero, 0.8, and -0.8, coloring the line based on slope direction changes. The indicator also incorporates a multi-symbol scanner tool tailored for Turkish BIST stock sector groups or custom symbols, identifying when TSI drops into oversold territory below -0.8. User settings allow adjustments to TSI lengths, deviation multipliers, linear length, and scanner timeframe parameters.
- True Strength Index with linear regression
- Standard deviation volatility channel on TSI
- Multi-symbol sector scanner for BIST stocks
- Customizable oscillator lengths and deviation settings
Details
Published by
gocaman on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Screeners & dashboards, Support & resistance
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Grup seç | string | 1 | grupSec |
| PERİYOT | timeframe | | per |
| Konum Ayarı | int | 20 | loc |
| TSI Long | int | 9 | long |
| TSI Short | int | 3 | short |
| TSI Deviation | float | 2 | multiplier |
| TSI Llinear length | int | 10 | len5 |
| Upper Deviation | bool | false | useUpperDeviation |
| Lower Deviation | bool | false | useLowerDeviation |
| 1 | symbol | | sb1 |
| 2 | symbol | BIST:XAKUR | sb2 |
| 3 | symbol | BIST:XBANA | sb3 |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| 4 | symbol | BIST:XBANK | sb4 |
| 5 | symbol | BIST:XBLSM | sb5 |
| 6 | symbol | BIST:XELKT | sb6 |
| 7 | symbol | BIST:XFINK | sb7 |
| 8 | symbol | BIST:XGIDA | sb8 |
| 9 | symbol | BIST:XGMYO | sb9 |
| 10 | symbol | BIST:XHOLD | sb10 |
| 11 | symbol | BIST:XILTM | sb11 |
| 12 | symbol | BIST:XINSA | sb12 |
| 13 | symbol | BIST:XKAGT | sb13 |
| 14 | symbol | BIST:XKMYA | sb14 |
| 15 | symbol | BIST:XMADN | sb15 |
| 16 | symbol | BIST:XMANA | sb16 |
| 17 | symbol | BIST:XMESY | sb17 |
| 18 | symbol | BIST:XSGRT | sb18 |
| 19 | symbol | BIST:XSPOR | sb19 |
| 20 | symbol | BIST:XTAST | sb20 |
| 21 | symbol | BIST:XTCRT | sb21 |
| 22 | symbol | BIST:XTEKS | sb22 |
| 23 | symbol | BIST:XTRZM | sb23 |
| 24 | symbol | BIST:XTUMY | sb24 |
| 25 | symbol | BIST:XU030 | sb25 |
| 26 | symbol | BIST:XU100 | sb26 |
| 27 | symbol | BIST:XU500 | sb27 |
| 28 | symbol | BIST:XULAS | sb28 |
| 29 | symbol | BIST:XUSIN | sb29 |
| 30 | symbol | BIST:XUTEK | sb30 |
| 31 | symbol | BIST:XUTUM | sb31 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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