TSI in Dynamic Zones with Divergence v2.2HOW TO READ IT
A momentum companion oscillator built around the True Strength Index (TSI), with adaptive overbought/oversold zones, automatic divergence detection, and a volatility-context dashboard. Designed to ride underneath a price-chart framework (MA stack / squeeze / trigger systems) as the momentum second opinion: the price chart tells you where, this tells you how much force is behind it. Adapted from the open-source GPL-3.0 "TSI in Dynamic Zones with Divergence" with Pine v6 fixes and display work; published under the same license.
THE 30-SECOND VERSION
Cyan line = TSI (momentum). Orange line = its signal. Cyan above orange = bulls in control; below = bears. The shaded orange band on top and aqua band on the bottom are NOT fixed levels — they're dynamic zones that adapt to the last 70 bars, so "overbought" on a quiet day sits lower than on a wild one. Momentum reaching into a zone is stretched; turning back out of one is the actionable part. Green/red labels on the oscillator are divergences: price and momentum disagreeing, which is an early-warning sign, not an entry by itself.
WHAT EACH ELEMENT MEANS
TSI + signal cross — The basic momentum read. Crosses above zero carry more weight than crosses below it for longs, and vice versa.
Dynamic zones (orange top / aqua bottom) — Percentile-based adaptive OB/OS. Entering a zone = stretched. Exiting back through it = momentum actually turning.
Divergence labels — Green (bullish): price made a lower low but TSI made a higher low — selling force is fading. Red (bearish): price higher high, TSI lower high — buying force is fading. Hidden divergences (aqua/orange, off by default) are continuation signals rather than reversal signals.
White triangles — TSI pivot highs/lows at stretched readings; minor structure inside the oscillator.
Orange / aqua cross markers (top and bottom rows) — A sequence of signal-line cross-bounces that's deteriorating (orange, possible top) or improving (aqua, possible bottom). "Maybe" signals — context, not triggers.
Column colors behind the TSI — Kumo-based implied volatility heat: white/silver/aqua = quiet, yellow/orange = elevated, red/dark red = extreme. Divergences and zone touches mean more when volatility is waking up.
DASHBOARD
TSI — Current value and regime (BULL/BEAR, above/below zero).
Zones — Today's adaptive buy/sell thresholds, so you know what counts as stretched right now.
BB % — Where price sits inside its Bollinger Bands (0 = lower band, 1 = upper).
BBW % — Bollinger Band Width percentile. Under 7 = SQUEEZE (compression — pair this with your price chart's squeeze state). Over 70 = EXPANDED.
MFI — Money Flow Index: volume-weighted momentum, OB above 80 / OS below 20.
Kumo IV — The volatility regime in words, MINIMAL through EXTREME.
SMALL SCREENS — TINY AND COMPACT MODES
Settings → Inputs → Dashboard:
• Dashboard text size — Tiny / Small / Normal. Tiny roughly halves the footprint; recommended on phones and small laptops.
• Dashboard mode — Full shows all 6 rows. Compact merges everything into 3 short rows: TSI value + regime, the two zone thresholds, and a one-line volatility readout (BBWP · IV · MFI). Phone recipe: Compact + Tiny + a corner position.
• Dashboard position — six anchor choices to keep it out of the oscillator's way.
KEY SETTINGS
TSI lengths (5/12/10) — Faster than the textbook 25/13 on purpose; built for intraday timeframes.
Cross signal threshold (±) — Gates the orange/aqua cross-bounce markers to crosses beyond ± this value. Default 0 (any cross past zero); raise toward 30 to only flag crosses at stretched readings.
Divergence pivot lookbacks — Lower left-lookback = more signals, more noise. 5 is aggressive; 8–10 is conservative.
Filter crossovers by BBWP — On by default: zero-line crossover alerts are suppressed during squeezes, when chop makes them unreliable.
Hidden divergences — Off by default; turn on if you trade continuation setups.
HONEST LIMITATIONS
Divergence labels confirm one bar after the pivot — the label appears with a delay by design, and acting on an unconfirmed wiggle is how divergence trading goes wrong. Divergences fail routinely in strong trends; momentum can stay "wrong" far longer than a position can. The dynamic zones need their full lookback (70 bars) of history to mean anything — ignore them in the first bars of a newly listed symbol or a fresh session on low-history tickers. This oscillator describes momentum; it knows nothing about structure, levels, or news. Read it alongside a price framework, not instead of one.
This is a study tool, not trade advice, and not an executor. Nothing here is a recommendation to buy or sell anything. Test it, judge the signals against what actually happened, and size your own risk.
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