This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v5 · Own pane
TSI & Divergences
A separate-pane indicator that calculates the True Strength Index with fast, slow and signal lengths and detects regular and hidden divergences between price and the oscillator.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code444
Settings13inputs
LicenceNone stated
Last update1 year ago9 Mar 2025
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
Pivot lookback and range inputs control how far apart pivots may be, and each divergence type has a toggle. An optional cloud fills between the TSI and its signal. Divergences are confirmed only after the pivot right-side bars. Labels are in Spanish.
- True Strength Index and signal
- Regular and hidden divergence detection
- Pivot range inputs
- Optional TSI cloud
Details
Published by
munlit on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
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 |
|---|---|---|---|
| Longitud de Compra | int | 6 | tsiDivInputLong |
| Longitud de Venta | int | 13 | tsiDivInputShort |
| Longitud de la SEÑAL | int | 4 | tsiDivInputSignal |
| Corrección a la derecha | int | 5 | tsiDivDiverLBR |
| Corrección a la izquierda | int | 5 | tsiDivDiverLBL |
| Rango de corrección maximo | int | 30 | tsiDivDiverRangeUpper |
| Rango de corrección minimo | int | 2 | tsiDivDiverRangeLower |
| Mostrar Divergencia Alcista | bool | true | tsiDivShowPlotBull |
| Mostrar Divergencia scalp Alcista | bool | true | tsiDivShowPlotHiddenBull |
| Mostrar Divergencia Bajista | bool | true | tsiDivShowPlotBear |
| Mostrar Divergencia scalp Bajista | bool | true | tsiDivShowPlotHiddenBear |
| TSI Cloud | bool | true | tsiDivShowCloudOn |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| TSI | bool | false | tsiDivShowTSI |
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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