Combining Tilson Trend Colors, PSAR, and TSI Momentum Cues
Summary
This indicator combines two Tilson moving averages, Parabolic SAR, and the True Strength Index to visualize trend direction and possible reversals. Blue and red bars represent bullish and bearish trend states, while yellow bars mark price crossings of the Tilson averages as potential transition points. A confirmed color change follows a crossover between the two averages. The indicator also plots PSAR points as possible reversal references and stop locations, and adds arrows when TSI turns upward or downward while remaining on the opposite side of its signal average, indicating a possible momentum curl.
The supplied description and code define calculations and chart conditions, including smoothed price changes for TSI, but provide no market tests, measured accuracy, or returns. The yellow bars are presented as buy or sell cues, yet they can mark transitions rather than confirmed profitable reversals. The author frames the tool as a way to anticipate reversals, not as evidence of a reliable standalone system. Traders should treat the signals as indicator conditions whose usefulness depends on market and execution context.
Key ideas
- Two Tilson averages and price relative to them determine trend and reversal bar colors.
- Yellow bars flag price crossings of the Tilson averages, while an average crossover confirms a trend-color change.
- PSAR points are included as reversal references and possible stop locations.
- TSI turning toward its signal average generates arrows intended to show changing momentum.
- The document provides indicator logic but no evidence of performance or signal reliability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.