Stocks & Commodities V. 24:2 (10--12): Letters To S&C by Technical Anaysis, Inc.
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TSI, MACD, AND TRIX
Regarding the letter titled “TSI Or MACD” from Brent Lindaman, which appeared in the July 2005 Letters to S&C column, I would like to inform you of another indicator that also behaves like MACD and TSI.
In Martin Pring’s book, "Martin Pring On Market Momentum," he describes the TRIX indicator on page 244. This indicator gives buy and sell signals that are
very similar to those given by the MACD or TSI. A major advantage with TRIX is that its signals produce fewer whipsaws.
I use the default setting for MACD in MetaStock, TSI(25,13), (as indicated by Mark Phillips in the June 2005 issue of S&C) and TRIX(12,9) (as indicated by
Martin Pring in his book on page 245).
SIVA KUMAR AR