The Trend Strength Analyzer technical indicator measures the deviation of the price of an instrument from the average values for a certain period of time. The indicator is based on a comparative analysis of the relative strength of bulls and bears. If the bulls prevail, then there is an uptrend. If the bears are stronger, this is a downtrend.
Settings:
Strike Energy (2 solid lines) = 14.
Influence Power (2 dotted lines) = 50.
The TSA oscillator is effective in an active market. The most commonly used indicator signals are discrepancies, intersections, transitions from the zone of negative values to the zone of positive values and vice versa. The divergence of the lines indicates that one of the parties takes over: buyers or sellers. The convergence of the lines warns of a change in the balance of forces of the opponents. The intersection of the lines indicates the trend reversal.