True Strength Index
MomentumOwn panel belowPrice change smoothed twice to measure the strength of direction.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Above zero upward force leads, below zero the reverse. Two rounds of smoothing make the line cleaner than RSI and easier to read for direction.
Where it misleads
Clean means late — it crosses zero after the turn has happened.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Price Oscillator (PPO)MACD expressed as a percentage.
- Detrended Price OscillatorPrice with the broad trend removed, leaving only the cycle.
- Chande Momentum (CMO)The sum of up days set directly against the sum of down days.
- KSTFour rates of change of different lengths, weighted and added together.
- Coppock CurveTwo long rates of change added and smoothed into a very slow line.
- Fisher TransformA transform that stretches the price distribution towards a bell shape so extremes stand out.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.