Recommended range is between 8 and Recommended range is between 20 and The lower the value the more sensitive the band. It is not recommended to change this parameter. Example At a first glance, Traders Dynamic Index is not too easy to use, but you will get accustomed to it: For scalping , enter long when the green line is above the red line and enter short when the red line is the above green line. For short-term trading , enter long when the green is above both the red and the yellow lines; enter short when the red one is above both the green and the yellow ones.
For medium-term trading , go long under the same conditions as for the short-term trading but only when all lines are below 50; to go short — the same but above Downloads ver. Discussion Warning! The green line is a flattened RSI with a small period base ; red is also RSI, but with a longer period signal : the RSI indicator itself in the traditional form is not used. Experiments with a price type for calculation do not lead to improvement of the quality of signals.
Its lines are used only for analysis, but the trading solution must be taken with the help of additional tools see Graphic tools. The short-term trend is determined by the relative arrangement of the green line with respect to the red line:. This line will define key turns for change of a trend. Traders Dynamic Index: key lines and zones. The global trend is defined similarly: by the arrangement of the yellow and red lines.
If the yellow line moves below the level of 32, then the market has reached a local minimum, so a breakdown from bottom to top with a high probability means a turn toward the «bulls». In such periods, TDI signals cannot be trusted. Traders Dynamic Index: direction and volatility. Signals for the breakdown of the key areas of TDI. Similarly, the situation of the crossing critical levels with a red or yellow indicator line can be interpreted, but such signals are very late and require mandatory confirmation.
Unfortunately, the author of the famous Trading Made Simple is no longer with us, but the ideas of his trading system continue to develop here almost pages of the forum on this topic! The green line is the first to react to the turn and speculation, therefore its behavior is considered to be the key for the formation of the signal. The tactics of trading depend on the duration of the transactions see here. Scheme of signals of the TDI indicator.
We open medium-term transactions after the analysis of the mutual arrangement of the red and yellow lines:. In any case, to enter the Traders Dynamic Index signals the market should be quite active: BollingerBands lines must diverge, and the stronger, the more reliable the trading signal. Regardless of the availability of «suitable» intersection points, we miss periods of an explicit flat see here.
Despite the external complexity of the lines, the indicator signals assume a classical interpretation and do not cause problems even for novice traders. Working period: is not less than H1-H4, confidence in signals on timeframes less than H1 is low. The Traders Dynamic Index indicator is quite effective as an independent tool for trend analysis, and is also used in conjunction with other indicators see Using Indicators and filters to create more reliable trading systems.
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Share your personal experience of the effective use of the indicator Traders Dynamic Index. Was this article useful for you? It is important for us to know your opinion. Forex Tester is a software that simulates trading in the Forex market, so you can learn how to trade profitably, create, test and refine your strategy for manual and automatic trading.
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TDI indicator: hybrid, independent and effective. Take it to your team!
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The Traders Dynamic Index (TDI) Pro indicator, developed by Dean Malone for the MetaTrader platform, is an advanced hybrid indicator that combines. Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages. Here is how to set up the full TDI Forex indicator with Market Base Line and Volatility Bands on your mobile or tablet version of MT4 (or.