Trend Intensity Index on Inverse Fisher Transfor

M.H. Pee developed the Trend intensity index (TII) indicator to measure the strength of a trend in the market.
It helps to determine how strong the current trend is.
The stronger the trend, the higher the chance the price may continue moving in the current direction.

It can use the default MAs as a smoothing filter, and there is the option to apply Inverse Fisher Transform to the signal, as you can see in the picture (same settings, above no IFT/below IFT).