Indicator TII (Trend Intensity Index) was described in the article by M.H. Pee, published in the “Stocks and Commodities” magazine in June, 2002.
It has six input parameters:
- Period – calculation period;
- MA Period – MA calculation period;
- MA Method – Moving Average calculation method;
- Applied price – the calculation price;
- Overbought – overbought level;
- Oversold – oversold level.
Calculation:
TII = 100 * (POS) / (POS +NEG)
where:
POS = SMA(UP, Period) NEG = SMA(DN, Period) UP = Price - MA DN = MA - Price
MA = MA(MA Period, MA Method, Applied price)
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