Trend Intensity Index as a Color Histogram Oscillator

Summary

This document introduces the Trend Intensity Index as an oscillator displayed in a color histogram. It identifies the indicator and notes that its implementation relies on a smoothing library for intermediate calculations.

The source offers no formula, signal thresholds, trading rules, or examples of how to interpret the histogram colors. It therefore supports only a basic understanding of the indicator’s presentation and software dependency, not an assessment of its usefulness as a trend measure. No market, timeframe, performance evidence, or limitations beyond the sparse description are given.

Key ideas

• The Trend Intensity Index is presented as an oscillator in color histogram form.
• Its implementation uses a smoothing-algorithm library for intermediate calculations.
• The document does not explain the calculation, color meanings, or trading interpretation.
• No market tests or performance evidence are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.