Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

True Strength

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No, this isn’t an inspirational, motivational post, in spite of the title. Now that we have finished the new technical studies dialog box, we intend to start adding studies at a brisk pace (whereas I think an entire year has gone by since we’d added anything). If you didn’t see the video introducing the new interface, please click here to watch it.

The True Strength Index was created in 1991 as a means to find market extremes and potential oversold/overbought conditions. It is a double-smoothed indicator, relying on exponential moving average as its foundation. Specifically, its calculation is:

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