jouster
r, s, u are the lengths of the three exponential averages used in the indicator which is essentially a triple exponential moving average of momentum (note that in the case of wavetrader's version of the efs there are two sets of each as it is calculating 2 TSIs). Zeroline is self descriptive and SmthLen1 is the length of the average used to calculate the signal line (also an exponential average).
Attached is the same formula written using EFS2 syntax which may help better understand how the study is constructed. The core of the calculations of the TSI is done in function xTSI. This efs will return the same plot as the one posted by wavetrader when that is set up with its defaults ie r1=20, s1=8, u1=8 and SmthLen1 = 3.
eSignal version 7.9 or higher is required to run this efs.
Alex
r, s, u are the lengths of the three exponential averages used in the indicator which is essentially a triple exponential moving average of momentum (note that in the case of wavetrader's version of the efs there are two sets of each as it is calculating 2 TSIs). Zeroline is self descriptive and SmthLen1 is the length of the average used to calculate the signal line (also an exponential average).
Attached is the same formula written using EFS2 syntax which may help better understand how the study is constructed. The core of the calculations of the TSI is done in function xTSI. This efs will return the same plot as the one posted by wavetrader when that is set up with its defaults ie r1=20, s1=8, u1=8 and SmthLen1 = 3.
eSignal version 7.9 or higher is required to run this efs.
Alex
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