TDI Visual With Alerts MT4 Indicator

TDI Visual With Alerts MT4 Indicator

Traders Dynamic Index is a powerful weapon which every forex trader should have in his arsenal. TDI indicator is composed of 3 different indicators: Bollinger Bands, Moving Averages and RSI.

Dark blue lines are the Bollinger bands which show volatility. Yellow line is the Relative strength indicator which shows the direction of trend and overbought-oversold levels. Red line and green line are Moving averages (red line displays the slower MA; green line displays the faster MA).

How to Trade With TDI:

Buy Signal:

-Wait for indicator to generate a buy signal (“B” letter on the chart). If you look for safer entries, you can wait for the yellow line to cross above the 50 level.

tdi-1

Sell Signal:

-Wait for indicator to generate a sell signal (“S” letter on the chart). If you look for safer entries, you can wait for the yellow line to cross below the 50 level.

tdi-2

This hybrid indicator is developed to assist traders in their ability to decipher and monitor market conditions related to trend direction, market strength, and market volatility.

Green line = RSI Price line
Red line = Trade Signal line
Blue lines = Volatility Band
Yellow line = Market Base Line

Trend Direction – Immediate and Overall
Immediate = Green over Red…price action is moving up.
Red over Green…price action is moving down.

Overall = Yellow line trends up and down generally between the lines 32 & 68. Watch for Yellow line to bounces off these lines for market reversal. Trade long when price is above the Yellow line, and trade short when price is below

Market Strength & Volatility – Immediate and Overall
Immediate = Green Line – Strong = Steep slope up or down.
Weak = Moderate to Flat slope.

Overall = Blue Lines – When expanding, market is strong and trending. When constricting, market is weak and in a range. When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.

Entry conditions
Scalping – Long = Green over Red, Short = Red over Green
Active – Long = Green over Red & Yellow lines
Short = Red over Green & Yellow lines
Moderate – Long = Green over Red, Yellow, & 50 lines
Short= Red over Green, Green below Yellow & 50 line

Exit conditions
Long = Green crosses below Red
Short = Green crosses above Red
If Green crosses either Blue lines, consider exiting when the Green line crosses back over the Blue line.

IMPORTANT: The default settings are well tested and proven. But, you can change the settings to fit your trading style.

Price & Line Type settings:
RSI Price settings
0 = Close price [DEFAULT]
1 = Open price
2 = High price.
3 = Low price.
4 = Median price, (high+low)/2.
5 = Typical price, (high+low+close)/3.
6 = Weighted close price, (high+low+close+close)/4.

RSI Price Line & Signal Line Type settings
0 = Simple moving average [DEFAULT]
1 = Exponential moving average
2 = Smoothed moving average
3 = Linear weighted moving average

Download TDI Visual With Alerts

Comments

  1. kes KUMAR says

    We cant download the indicators/rar/zip/mql files. They appear as webpage only and not able to download. Also, when pressing the Save As Target, results in a webpage only and not the rar

    • Dave says

      You need to use any browser except IE, and everything should work just fine, if you are register just click on link and download process will start.

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