Printable View
TDI Red Green_Alerts
The TDI [Traders Dynamic Index] a 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.
Even though comprehensive, the T.D.I. is easy to read and use :
Green line = RSI Price line
Red line = Trade Signal line
Blue lines = Volatility Band
Yellow line = Market Base Line
They are Thomas Demark's indicators. They're oscillator indiators. TD-Allignments (explained in p. 141-143 of the book DeMark Indicators by Jason Perl,
which will measure buying and selling pressure from the remaining 5 indicators) is not working. It'll measure that there will be a reversal, or not.
The remaining indicators are working fine.
Can somebody make it work, please ?
Hi sangnakhon,
Yes, all indicators are working fine except TD-Allignments.
Attachment 17902
Attachment 17903
Attachment 17904
Attachment 17905
I reported to Igorad and hope he can fix it.
Thank you very much newdigital. :(talk):
There is one post on mql5.com forum with the proof that we do not need separate TDI indicator for MT5 for example - we can make this indicator from standard MT5 indicator.
From this thread -
Attachment 28920Quote:
Believe it or not, you don't need a separate indicator for traders dynamic index. The math of the TDI is the following. Bounds are Bollinger bands applied to RSI. Main value is a moving average of that same RSI (usually 2 period SMA). And signal line is moving average of that same RSI once again but using different period (usually 7 period SMA)
--------
Template file is attached.
And it is the settings to make TDI:
Attachment 28921
Attachment 28922
Attachment 28923
Attachment 28924
Attachment 28925
- Trend detection index - indicator for MetaTrader 5
- TDI - indicator for MetaTrader 5
Attachment 47042
more...Quote:
..how you can create the True Strength Index Indicator from scratch. We will learn the specifics of this indicator and see how to calculate it in our code. Not that only, but we will learn how we can use this customized indicator in a trading system based on a trading strategy by creating an Expert Advisor.
