TSI v2 [JopAlgo] – Sniper Version

TSI v2 [JopAlgo] — “Sniper” momentum that’s fast, clean, and actionable
Core idea

TSI (True Strength Index) turns raw price momentum into a smoothed, normalized oscillator so you can see trend side, turns, and follow-through without chop.
Workflow: momentum (close - close[1]) → double EMA smooth (fast = shortLength, slow = longLength) → normalize vs smoothed absolute momentum → scale to ±100 → signal EMA (signalLength) for triggers.

Above 0 → bullish momentum regime

Below 0 → bearish momentum regime

TSI vs Signal cross → momentum turn

Farther from 0 → stronger impulse

What you’ll see

TSI line (blue) — main momentum read

Signal line (orange) — trigger for turns

Zero line (gray) — bull/bear divider

Alerts for bullish/bearish crosses (enable if you want pane markers)

Read it in 3 seconds: Which side of 0? Did TSI cross its signal? Are bars expanding or fading?

How to use it (simple playbook)

Direction filter

Longs while TSI ≥ 0, shorts while TSI ≤ 0.

Cleanest continuation: TSI crosses up its signal above 0 (mirror down).

Act at real locations

Volume Profile v3.2 [JopAlgo] (VAH/VAL/POC/LVNs) or Anchored VWAP [JopAlgo] reclaims/rejections.

No level, no trade.

Break + retest

Break a level with TSI > 0 and crossing up → enter on the first retest that holds (mirror down).

Trend pullback

In an uptrend, TSI dips toward the signal (ideally holds above 0), then re-crosses up near a level → continuation entry.

Do less in chop

If TSI and signal braid around 0, it’s balance—only trade edges with tight risk.

Entries, exits, risk

Continuation long: TSI > 0, crosses up at VAL/AVWAP/MA cluster → enter.
Stop: below structure/last swing. Targets: POC/HVNs or next swing high.

Fresh short: Breakdown + TSI < 0 crosses down → enter on failed retest.
Invalidation: quick re-cross up + level reclaim.

Manage: Trim when TSI flattens or crosses against you into target/HVN.

Settings that matter (and how to tune)

Short EMA (default 13): responsiveness (lower = faster, noisier).

Long EMA (default 25): backbone smoothing (higher = steadier).

Signal EMA (default 7): trigger sensitivity (lower = earlier, more flips).

Suggested presets

Scalp (1–5m): 8 / 21 / 5

Intraday (15m–1H): 13 / 25 / 7 (Sniper defaults)

Swing (2H–4H): 21 / 50 / 9

Daily backdrop: 25 / 100 / 9 (execute on lower TF)

Pattern cheat sheet

Zero-line reclaim: TSI crosses 0 and signal together → regime shift; use first retest.

Continuation curl: TSI pulls toward signal, holds above 0, then re-crosses up → add/enter with trend.

Weak break tell: Level poke while TSI fails to cross or stalls near 0 → skip/wait.

Light divergence: Price higher high while TSI lower high → thinning; trail tight into HVNs.

Best combos (kept simple)

Volume Profile v3.2: entries at VAH/VAL/LVNs, targets at POC/HVNs.

Anchored VWAP: reclaim/reject + TSI cross same direction = high-quality timing.

CVDv1 (optional): take TSI-aligned trades with flow (Alignment OK, no Absorption).

RVOL (optional): prefer breaks with participation above cutoff.

Common mistakes this helps you avoid

Longs with TSI < 0 or shorts with TSI > 0.

Chasing when TSI is flattening/crossing against you into a level.

Trading mid-range while TSI/signal whipsaw around 0.

Quick defaults to start

13 / 25 / 7 on 15m–1H

Process: Location → TSI side (0) → TSI vs Signal cross → (optional) CVD/RVOL check → Structure-based risk

Disclaimer

This indicator and write-up are for education only and not financial advice. Trading involves risk; you can lose money. Results vary by market, venue, and settings. Test before using live, trade at defined levels, and manage risk. No guarantees or warranties are provided.