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TSI
True strength Index (TSI) is a VTL momentum oscillator based on a double smoothing of price changes. Works like other oscillators, the true strength indicator is a variation of the relative strength index. The True Strength Index (TSI) is an extremely responsive momentum indicator with very little lag time in its representation of price movement momentum. It is designed so that when it is rising above zero, price is also rising. Also, when the indicator is falling below zero, price is also falling.
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Keltner Cloud
Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This VTL indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance. Keltner Channels are a trend following indicator used to identify reversals with channel breakouts and channel direction. Channels can also be used to identify overbought and oversold levels when the trend is flat.
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