Implement Trend Intensity Index (TII)

[cinar]

Description

Measures the strength of a trend by analyzing deviations from a major moving average.

Implementation Logic

Track the deviations of the closing price from a major SMA. Maintain a rolling slice (representing the minor period) to conditionally store these deviations. The slice must push new deviations and pop the oldest, recalculating the sum of positive deviations and the sum of negative deviations on the fly before generating the percentage ratio.

Suggested Package

trend

Labels

• enhancement