The Trend Intensity Index (TII) Indicator is a technical analysis tool that measures the strength of a trend in the market.
The TII indicator is designed to identify the beginning and end of a trend and help traders make informed decisions based on the strength of the trend.
The Trend Intensity Index (TII) 1.3 Averages Indicator is a variation of the standard TII indicator that uses three different moving averages to calculate the trend strength.
This indicator is useful for traders who want a more comprehensive view of the market trend and its potential reversals.
The three moving averages used in the calculation are the exponential moving average (EMA) of the closing price for three different time periods: 9, 25, and 50.
These moving averages are then used to calculate the TII indicator using the same formula as the standard TII indicator.
The TII 1.3 Averages Indicator is interpreted in the same way as the standard TII indicator.
Values above 50 indicate a strong uptrend, while values below 50 indicate a strong downtrend. Traders can also use the indicator to identify potential trend reversals when the TII crosses above or below 50.
The TII 1.3 Averages Indicator is typically plotted as a line chart, with the TII values plotted on the y-axis and time on the x-axis.
- Invest when the TII 1.3 Averages Indicator crosses the threshold of 50.
- For a very strong uptrend, buy when the TII 1.3 Averages Indicator crosses over the 70 mark.
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- When the TII 1.3 Averages Indicator dips below 50, it signals a buy signal.
- For a very strong downturn, sell when the TII 1.3 Averages Indicator crosses below the threshold of 30.