Traders Dynamic Index

Traders Dynamic Index MetaTrader indicator — a comprehensive but helpful indicator that uses RSI and moving averages along with some on-the-fly volatility calculations to offer the trader a full picture of the current Forex market situation. This indicator have sound alerts available. A pdf files from Dean Malone attached here for further reading.

Input parameters:

RSI_Period (default = 13) — period in bars for calculation of RSI.
RSI_Price (default = MODE_CLOSE) — price type to use in RSI calculation.
Volatility_Band (default = 34) — parameter for volatility band calculation. Can be between 20 and 40. The lower this value is the curvier becomes the band.
RSI_Price_Line (default = 2) — period of the first moving average (fast).
RSI_Price_Type (default = MODE_SMA) — type of the first moving average.
Trade_Signal_Line (default = 7) — period of the second moving average (slow).
Trade_Signal_Type (default = MODE_SMA) — type of the second moving average.
UseAlerts (default = false) — if true then sound alert will be played each time red and yellow lines cross.

The chart setup according to synergy trading method by Dean Malone. Template attached.

This TradersDynamicIndex indicator works for MT4 build 600 and above (I installed it on build 646 now) :

Now Traders Dynamic Index (TDI) indicator available for Metatrader 5 platform, coded by earnforex.

Traders Dynamic Index using standard indicators for Metatrader 5
Template is attached.
The discussion is on this small mql5 thread.

We will continue this topic in this article and we will use the simple type to compare its results with other types of moving averages. A lot of traders use the moving average in the different types according to their preferences. So, in this article, we will consider different types of them in detail, will test their performances and will compared the results to define which of the types performs better.

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