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Traders Dynamic Index

This is a discussion on Traders Dynamic Index within the Trading tools forums, part of the Trading Forum category; Traders Dynamic Index MetaTrader indicator — a comprehensive but helpful indicator that uses RSI and moving averages along with some ...

      
   
  1. #1
    Senior Member matfx's Avatar
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    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.

    Traders Dynamic Index-eurusdm15_tdi.jpg
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    Last edited by matfx; 10-15-2013 at 12:44 PM.
    newdigital, mr.green and zorndyke like this.

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    Senior Member matfx's Avatar
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    The chart setup according to synergy trading method by Dean Malone. Template attached.

    Traders Dynamic Index-gbpusdh1_synergy-trading.jpg
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    newdigital and mr.green like this.

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    Administrator newdigital's Avatar
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    This TradersDynamicIndex indicator works for MT4 build 600 and above (I installed it on build 646 now) :

    Traders Dynamic Index-eurusd-m5-ibfx-inc.png


    Traders Dynamic Index-eurusd-d1-ibfx-inc.png
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    Senior Member matfx's Avatar
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    Now Traders Dynamic Index (TDI) indicator available for Metatrader 5 platform, coded by earnforex.

    Traders Dynamic Index-eurusdm30.png
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  5. #5
    Administrator newdigital's Avatar
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    Traders Dynamic Index using standard indicators for Metatrader 5
    Template is attached.
    The discussion is on this small mql5 thread.

    Traders Dynamic Index-eurusd-d1-metaquotes-software-corp.png


    Traders Dynamic Index-ltcjpy-d1-metaquotes-software-corp__2.png
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    Testing different Moving Average types to see how insightful they are

    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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