Home > Articles > Volume 9 (1991) > Chapter 11 (November 1991) > V.9:11 (438-446): SIDEBAR: CALCULATING TSI

V.9:11 (438-446): SIDEBAR: CALCULATING TSI

V.9:11 (438-446): SIDEBAR: CALCULATING TSI
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CALCULATING TSI

Calculating the true strength index requires an introduction to exponentially smoothed moving averages (EMA):

Exponential Moving Average- The EMA for day D is calculated as: EMAD = aPRD + (1-a)EMAD-1 where PR is the price on day D and a (alpha) is a smoothing constant (0




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