This video introduces the TrueStrengthSqueeze RTX Indicator. The TrueStrengthSqueeze (RTX) Indicator combines the True Strength Index with the Squeeze Indicator. The True Strength Index attempts to show both trend direction and overbought or oversold conditions using double-smoothing of momentum relative to double-smoothing of the absolute value of momentum. The Squeeze Indicator identies when the Bollinger Bands are within the Keltner Channel.
TrueStrengthSqueeze (RTX). This chart was uploaded by Investor/RT 12.6.1 showing symbol: @ES#.
The TrueStrengthSqueeze (RTX) Indicator combines the True Strength Index with the Squeeze Indicator. The True Strength Index attemps to show both trend direction and overbought or oversold conditions using double-smoothing of momentum relative to double-smoothing of the absolute value of momentum. The Squeeze Indicator identies when the Bollinger Bands are within the Keltner Channel. Both Bollinger Bands and Keltner Channels center about a moving average of the close with the Bollinger Bands using a multiple of standard deviations and the Keltner Channels using a multiple of Average True