Summary: The Trend Confirmation Index (TCI) helps identify strong and weak trends and displays the results as a histogram. Values outside the grey "Crabzone" box are considered a strong trend.
TCI on the Charts
This indicator calculates performs various EMA calculations using the (high+low+close)/3 as the input, as well as the difference between the EMAs and current HLC3 values to produce its final output result.
The resulting output oscillates around a value of 50, where values above 50 indicate an upward trend and vice versa. Additionally, values above 70 is considered a strong uptrend, where values below 30 indicate a strong downward trend.