Trend Strength Index Long Strategy by llbot
By llbot
Performance Metrics
- Author: llbot
- Symbol: NASDAQ:GOOG
- Timeframe: 1 day
- Net P&L: +716,636.89 USD (+71.66%)
- Win Rate: 79.3%
- Profit Factor: 4.857
- Max Drawdown: 179,506.36 USD (11.98%)
- Total Trades: 29
Description
📈 Trend Strength Index Long StrategyThis strategy combines the Trend Strength Index (TSI) with a Volume-Weighted Moving Average (VWMA) to identify high-probability long entries based on trend momentum and price confirmation.📊 TSI Calculation: Measures correlation between price and time (bar index) over a user-defined period. Strong TSI values indicate trend momentum.📏 VWMA Filter: Confirms bullish bias when price is above the VWMA.🚀 Entry Condition: Long position is triggered when TSI crosses above -0.65 and price is above VWMA.🔒 Exit Condition: Position is closed when TSI crosses above 0.65.🎨 Visuals: Gradient fills highlight bullish and bearish zones. VWMA is plotted for trend context.🧮 TSI Length: Adjustable (default 14)📐 VWMA Length: Adjustable (default 55)💸 Commission: 0.1% per trade📊 Position Size: 75% of equity⚙️ Slippage: 10 ticks✅ Best used in trending markets with steady momentum.⚠️ Avoid in choppy or range-bound conditions.