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All about TDI & Variant

This is a discussion on All about TDI & Variant within the Trading tools forums, part of the Trading Forum category; TDI Red Green_Alerts The TDI [Traders Dynamic Index] a Hybrid indicator is developed to assist Traders in their ability to ...

      
   
  1. #1
    Member Tsar's Avatar
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    All about TDI & Variant

    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
    Attached Thumbnails Attached Thumbnails All about TDI & Variant-tdi-red-green_alerts.jpg   All about TDI & Variant-tdi-red-green_alerts-m15.jpg  
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    Last edited by Tsar; 08-09-2015 at 12:37 PM.

  2. #2
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    Can somebody make this indicator work, please ?

    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 ?
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  3. #3
    Administrator newdigital's Avatar
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    Hi sangnakhon,

    Yes, all indicators are working fine except TD-Allignments.

    All about TDI & Variant-eurusd-d1-alpari-limited.png


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    I reported to Igorad and hope he can fix it.
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    Thank you very much newdigital.

  5. #5
    Administrator newdigital's Avatar
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    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 -

    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)
    All about TDI & Variant-eurusd-d1-metaquotes-software-corp.png


    --------

    Template file is attached.

    And it is the settings to make TDI:

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  7. #7
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    How to create a custom True Strength Index indicator using MQL5

    All about TDI & Variant-tsisystemeasellsignal.png


    ..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.
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